Mid-America Apartment Communities Inc. (NYSE:MAA) – Oppenheimer Holdings lowered their Q3 2016 earnings per share (EPS) estimates for Mid-America Apartment Communities in a research report issued on Monday. Oppenheimer Holdings analyst S. Manaker now anticipates that the firm will post earnings of $1.51 per share for the quarter, down from their previous forecast of $1.52. Oppenheimer Holdings has a “Outperform” rating and a $115.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Mid-America Apartment Communities’ Q4 2016 earnings at $1.54 EPS.

A number of other analysts also recently issued reports on MAA. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $119.00 target price for the company in a research report on Friday, July 15th. SunTrust Banks Inc. raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Friday, August 19th. Citigroup Inc. raised their target price on Mid-America Apartment Communities from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Wednesday, July 6th. Finally, BTIG Research began coverage on Mid-America Apartment Communities in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $104.96.

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

Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 1.47% during mid-day trading on Tuesday, hitting $91.88. The company had a trading volume of 210,536 shares. The company has a market capitalization of $6.94 billion, a PE ratio of 31.05 and a beta of 0.33. Mid-America Apartment Communities has a one year low of $82.05 and a one year high of $110.01. The company’s 50-day moving average is $92.70 and its 200 day moving average is $99.17.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.08. Mid-America Apartment Communities had a return on equity of 7.10% and a net margin of 20.93%. The business earned $272.20 million during the quarter, compared to the consensus estimate of $272.71 million. During the same period in the prior year, the company earned $1.36 EPS. Mid-America Apartment Communities’s revenue for the quarter was up 5.1% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.62%. The ex-dividend date is Wednesday, October 12th. Mid-America Apartment Communities’s dividend payout ratio is 111.56%.

A number of large investors have recently bought and sold shares of MAA. Vanguard Group Inc. raised its stake in Mid-America Apartment Communities by 3.0% in the second quarter. Vanguard Group Inc. now owns 11,555,159 shares of the real estate investment trust’s stock valued at $1,229,468,000 after buying an additional 337,159 shares in the last quarter. State Street Corp raised its stake in shares of Mid-America Apartment Communities by 3.8% in the second quarter. State Street Corp now owns 3,689,578 shares of the real estate investment trust’s stock valued at $392,571,000 after buying an additional 136,144 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Mid-America Apartment Communities by 10.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,238,697 shares of the real estate investment trust’s stock valued at $331,028,000 after buying an additional 314,024 shares during the period. BlackRock Fund Advisors raised its stake in shares of Mid-America Apartment Communities by 4.7% in the second quarter. BlackRock Fund Advisors now owns 3,229,689 shares of the real estate investment trust’s stock valued at $343,639,000 after buying an additional 145,382 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Mid-America Apartment Communities by 172.0% in the second quarter. JPMorgan Chase & Co. now owns 2,261,154 shares of the real estate investment trust’s stock valued at $240,586,000 after buying an additional 1,429,879 shares during the period. 96.86% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

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