Mid-America Apartment Communities (MAA) Set to Announce Earnings on Wednesday

Mid-America Apartment Communities (NYSE:MAA) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.24 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.93). The company had revenue of $542.25 million during the quarter, compared to the consensus estimate of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. Mid-America Apartment Communities’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 EPS. On average, analysts expect Mid-America Apartment Communities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $127.50 on Wednesday. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.83 and a beta of 0.80. The business has a 50-day moving average of $128.96 and a 200-day moving average of $128.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a fifty-two week low of $115.56 and a fifty-two week high of $158.46.

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities’s payout ratio is 124.84%.

Insider Activity

In other news, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of the sale, the chief executive officer now directly owns 317,737 shares in the company, valued at $40,057,103.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 2,807 shares of company stock worth $353,955. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $136.00 price objective (down previously from $140.00) on shares of Mid-America Apartment Communities in a report on Tuesday, January 2nd. Mizuho reduced their price target on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Mid-America Apartment Communities in a report on Tuesday, January 30th. They set a “hold” rating and a $139.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $149.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Finally, Scotiabank upgraded Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the stock from $133.00 to $147.00 in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $143.18.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.