Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at Capital One Financial raised their Q3 2021 earnings estimates for shares of Mid-America Apartment Communities in a research note issued to investors on Tuesday, May 11th. Capital One Financial analyst N. Malkin now forecasts that the real estate investment trust will earn $1.63 per share for the quarter, up from their previous estimate of $1.62. Capital One Financial also issued estimates for Mid-America Apartment Communities’ Q1 2023 earnings at $1.82 EPS and FY2023 earnings at $7.41 EPS.
Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Tuesday, April 27th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($1.21). The company had revenue of $425.01 million during the quarter, compared to analysts’ expectations of $423.65 million. Mid-America Apartment Communities had a return on equity of 5.63% and a net margin of 19.22%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share.
Shares of MAA stock opened at $156.75 on Thursday. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 56.39 and a beta of 0.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.05 and a current ratio of 0.05. Mid-America Apartment Communities has a one year low of $102.23 and a one year high of $160.52. The company’s 50-day moving average is $151.78 and its 200 day moving average is $135.45.
The business also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Thursday, April 15th were given a dividend of $1.025 per share. The ex-dividend date was Wednesday, April 14th. This represents a $4.10 annualized dividend and a yield of 2.62%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 62.60%.
In other news, CFO Albert M. Campbell III sold 691 shares of the stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $146.44, for a total value of $101,190.04. Following the completion of the sale, the chief financial officer now directly owns 73,087 shares of the company’s stock, valued at $10,702,860.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Thomas L. Grimes, Jr. sold 683 shares of the firm’s stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $146.44, for a total transaction of $100,018.52. Following the sale, the chief operating officer now owns 82,192 shares in the company, valued at $12,036,196.48. The disclosure for this sale can be found here. Insiders have sold 25,671 shares of company stock valued at $3,850,740 in the last three months. 1.34% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. PrairieView Partners LLC bought a new position in shares of Mid-America Apartment Communities in the first quarter worth about $25,000. Bessemer Group Inc. boosted its stake in Mid-America Apartment Communities by 72.8% in the 1st quarter. Bessemer Group Inc. now owns 178 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares during the period. E Fund Management Co. Ltd. purchased a new stake in Mid-America Apartment Communities during the 1st quarter valued at approximately $29,000. SOA Wealth Advisors LLC. bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $41,000. Finally, Cutler Group LP raised its position in shares of Mid-America Apartment Communities by 47.8% during the first quarter. Cutler Group LP now owns 309 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 91.38% of the company’s stock.
About Mid-America Apartment Communities
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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