Mid-America Apartment Communities Inc (NYSE:MAA) Expected to Announce Earnings of $1.63 Per Share

Share on StockTwits

Equities research analysts expect that Mid-America Apartment Communities Inc (NYSE:MAA) will report $1.63 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Mid-America Apartment Communities’ earnings, with estimates ranging from $1.59 to $1.66. Mid-America Apartment Communities reported earnings of $1.55 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The business is expected to report its next earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Mid-America Apartment Communities will report full year earnings of $6.51 per share for the current financial year, with EPS estimates ranging from $6.49 to $6.53. For the next year, analysts forecast that the business will report earnings of $6.56 per share, with EPS estimates ranging from $6.52 to $6.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Mid-America Apartment Communities.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.87). Mid-America Apartment Communities had a return on equity of 3.84% and a net margin of 16.25%. The firm had revenue of $415.63 million during the quarter, compared to the consensus estimate of $411.16 million. During the same quarter in the previous year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis.

A number of equities analysts have weighed in on MAA shares. Goldman Sachs Group started coverage on Mid-America Apartment Communities in a research report on Friday, November 8th. They issued a “neutral” rating and a $149.00 target price for the company. ValuEngine lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Mizuho boosted their target price on Mid-America Apartment Communities from $132.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. SunTrust Banks boosted 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. Finally, Barclays set a $141.00 target price on Mid-America Apartment Communities and gave the stock a “buy” rating in a research report on Friday, October 11th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $128.82.

NYSE:MAA traded down $1.09 during mid-day trading on Monday, reaching $130.55. The company’s stock had a trading volume of 26,512 shares, compared to its average volume of 546,740. Mid-America Apartment Communities has a 12-month low of $91.21 and a 12-month high of $140.15. The firm’s fifty day moving average price is $135.77 and its two-hundred day moving average price is $126.57. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.72. The stock has a market cap of $15.40 billion, a P/E ratio of 21.63, a PEG ratio of 5.32 and a beta of 0.30.

In other news, Director Claude B. Nielsen sold 3,423 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.04, for a total transaction of $469,087.92. Following the completion of the sale, the director now owns 13,740 shares of the company’s stock, valued at approximately $1,882,929.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David P. Stockert sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $136.46, for a total transaction of $682,300.00. Following the completion of the sale, the director now directly owns 68,778 shares of the company’s stock, valued at $9,385,445.88. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in MAA. Amundi Pioneer Asset Management Inc. increased its holdings in Mid-America Apartment Communities by 18.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 140,458 shares of the real estate investment trust’s stock worth $15,357,000 after acquiring an additional 21,688 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Mid-America Apartment Communities by 10.2% in the second quarter. Commonwealth Equity Services LLC now owns 6,893 shares of the real estate investment trust’s stock worth $811,000 after acquiring an additional 639 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Mid-America Apartment Communities in the second quarter worth about $44,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Mid-America Apartment Communities by 10.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 549,061 shares of the real estate investment trust’s stock worth $64,657,000 after acquiring an additional 51,831 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mid-America Apartment Communities by 4.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,927 shares of the real estate investment trust’s stock worth $10,119,000 after acquiring an additional 3,916 shares in the last quarter. 92.85% of the stock is owned by institutional investors.

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.

Recommended Story: Dividend

Get a free copy of the Zacks research report on Mid-America Apartment Communities (MAA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Hartford Financial Services Group Inc  Shares Sold by Benin Management CORP
Hartford Financial Services Group Inc Shares Sold by Benin Management CORP
SYSCO Co.  Position Reduced by Benin Management CORP
SYSCO Co. Position Reduced by Benin Management CORP
Benin Management CORP Purchases 1,000 Shares of Merck & Co., Inc.
Benin Management CORP Purchases 1,000 Shares of Merck & Co., Inc.
11,677 Shares in Truist Financial Corporation  Acquired by Benin Management CORP
11,677 Shares in Truist Financial Corporation Acquired by Benin Management CORP
Benin Management CORP Decreases Stock Holdings in Paychex, Inc.
Benin Management CORP Decreases Stock Holdings in Paychex, Inc.
Benin Management CORP Decreases Stock Position in Halliburton
Benin Management CORP Decreases Stock Position in Halliburton


© 2006-2020 Ticker Report