Press coverage about Mid-America Apartment Communities (NYSE:MAA) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mid-America Apartment Communities earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.4141919446944 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Mid-America Apartment Communities stock traded down $1.31 during midday trading on Thursday, reaching $88.16. The company had a trading volume of 742,631 shares, compared to its average volume of 854,447. Mid-America Apartment Communities has a 1 year low of $85.16 and a 1 year high of $110.95. The stock has a market capitalization of $10,214.96, a P/E ratio of 30.83, a PEG ratio of 2.13 and a beta of 0.38.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.40). The firm had revenue of $382.74 million during the quarter, compared to analysts’ expectations of $386.33 million. Mid-America Apartment Communities had a return on equity of 4.99% and a net margin of 21.42%. research analysts forecast that Mid-America Apartment Communities will post 6.03 EPS for the current fiscal year.
MAA has been the topic of several recent research reports. DA Davidson set a $110.00 price objective on Mid-America Apartment Communities and gave the company a “buy” rating in a research report on Tuesday, January 30th. SunTrust Banks set a $102.00 target price on Mid-America Apartment Communities and gave the stock a “buy” rating in a research report on Monday, January 22nd. Stifel Nicolaus upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, January 19th. They noted that the move was a valuation call. Robert W. Baird set a $100.00 target price on Mid-America Apartment Communities and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, Jefferies Group reiterated a “hold” rating and set a $99.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, February 5th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Mid-America Apartment Communities currently has an average rating of “Buy” and a consensus target price of $104.62.
In other news, Director Claude B. Nielsen sold 7,200 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $86.44, for a total value of $622,368.00. Following the transaction, the director now directly owns 20,417 shares in the company, valued at approximately $1,764,845.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Shorb acquired 500 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $86.53 per share, for a total transaction of $43,265.00. Following the completion of the acquisition, the director now owns 4,750 shares in the company, valued at $411,017.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 4,716 shares of company stock worth $426,200. Company insiders own 1.25% of the company’s stock.
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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.
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