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

Mid-America Apartment Communities (NYSE:MAA) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.55 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

MAA stock opened at $136.38 on Wednesday. Mid-America Apartment Communities has a twelve month low of $91.21 and a twelve month high of $137.49. The company has a market cap of $15.41 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 5.50 and a beta of 0.33. The business’s 50-day simple moving average is $130.63 and its 200 day simple moving average is $120.24. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.72.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Friday, October 11th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 63.58%.

MAA has been the topic of a number of recent research reports. Scotiabank downgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the stock from $114.00 to $107.00 in a research report on Tuesday, July 9th. SunTrust Banks lifted their target price on Mid-America Apartment Communities to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Capital One Financial reissued an “equal weight” rating on shares of Mid-America Apartment Communities in a research report on Monday, September 16th. Barclays set a $141.00 price target on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, ValuEngine cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $119.82.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 2,047 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the transaction, the director now owns 65,240 shares in the company, valued at $7,883,601.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Mid-America Apartment Communities Company Profile

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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Earnings History for Mid-America Apartment Communities (NYSE:MAA)

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