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.
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.
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