Mid-America Apartment Communities, Inc. (MAA) Earns “Buy” Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their buy rating on shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in a research note released on Friday morning. They currently have a $109.00 target price on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Mid-America Apartment Communities’ Q4 2017 earnings at $1.49 EPS, FY2017 earnings at $5.93 EPS, FY2018 earnings at $6.34 EPS, FY2019 earnings at $6.69 EPS, FY2020 earnings at $6.95 EPS and FY2021 earnings at $7.17 EPS.

Several other analysts have also issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a hold rating on the stock in a report on Friday, October 27th. JMP Securities lowered shares of Mid-America Apartment Communities from an outperform rating to a market perform rating in a report on Thursday, October 19th. Mizuho restated a hold rating and issued a $106.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, October 15th. ValuEngine lowered shares of Mid-America Apartment Communities from a buy rating to a hold rating in a report on Thursday, September 28th. Finally, Jefferies Group LLC restated a buy rating and issued a $120.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, September 10th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Mid-America Apartment Communities currently has a consensus rating of Buy and an average target price of $108.92.

Mid-America Apartment Communities (NYSE MAA) opened at $103.39 on Friday. The firm has a market cap of $11,747.90, a PE ratio of 17.41, a PEG ratio of 2.50 and a beta of 0.35. Mid-America Apartment Communities has a 1 year low of $87.59 and a 1 year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.61. The firm had revenue of $384.60 million for the quarter, compared to analyst estimates of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. Mid-America Apartment Communities’s revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. research analysts anticipate that Mid-America Apartment Communities will post 5.91 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Mid-America Apartment Communities, Inc. (MAA) Earns “Buy” Rating from SunTrust Banks, Inc.” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.com-unik.info/2017/11/06/mid-america-apartment-communities-inc-maa-earns-buy-rating-from-suntrust-banks-inc.html.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $3.48 dividend on an annualized basis and a yield of 3.37%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 156.76%.

In other Mid-America Apartment Communities news, Director William Reid Sanders purchased 7,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the purchase, the director now directly owns 8,209 shares of the company’s stock, valued at $821,802.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David P. Stockert sold 6,872 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the sale, the director now owns 77,180 shares in the company, valued at $8,207,321.20. The disclosure for this sale can be found here. 1.25% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. ING Groep NV increased its stake in Mid-America Apartment Communities by 0.4% during the second quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 22 shares during the period. BB&T Corp grew its position in shares of Mid-America Apartment Communities by 0.9% during the second quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 47 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Mid-America Apartment Communities by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock worth $809,000 after buying an additional 58 shares in the last quarter. Advisor Partners LLC grew its position in shares of Mid-America Apartment Communities by 1.7% during the second quarter. Advisor Partners LLC now owns 4,096 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 68 shares in the last quarter. Finally, KCG Holdings Inc. grew its position in shares of Mid-America Apartment Communities by 2.3% during the first quarter. KCG Holdings Inc. now owns 3,215 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 72 shares in the last quarter. Institutional investors own 90.99% of the company’s stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

What are top analysts saying about Mid-America Apartment Communities Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mid-America Apartment Communities Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit