Mid-America Apartment Communities Inc. (NYSE:MAA) – Research analysts at Capital One Financial Corp. raised their FY2016 earnings per share estimates for shares of Mid-America Apartment Communities in a research note issued to investors on Tuesday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the firm will post earnings per share of $5.94 for the year, up from their previous estimate of $5.93. Capital One Financial Corp. also issued estimates for Mid-America Apartment Communities’ Q4 2016 earnings at $1.51 EPS and FY2017 earnings at $6.22 EPS.

A number of other equities research analysts have also recently weighed in on MAA. Jefferies Group cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $109.00 in a research note on Wednesday, August 10th. Zacks Investment Research cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $115.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, August 16th. SunTrust Banks Inc. restated a “hold” rating and set a $110.00 price objective (up from $103.00) on shares of Mid-America Apartment Communities in a research note on Friday, July 15th. Finally, BTIG Research assumed coverage on shares of Mid-America Apartment Communities in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $106.42.

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

Shares of Mid-America Apartment Communities (NYSE:MAA) opened at 91.73 on Thursday. The firm’s 50 day moving average is $91.84 and its 200 day moving average is $98.22. The firm has a market capitalization of $6.93 billion, a PE ratio of 32.07 and a beta of 0.33. Mid-America Apartment Communities has a 1-year low of $82.91 and a 1-year high of $110.01.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. Mid-America Apartment Communities had a net margin of 19.96% and a return on equity of 6.87%. The company had revenue of $276.90 million for the quarter, compared to analysts’ expectations of $275.82 million. During the same period last year, the company earned $1.38 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in Mid-America Apartment Communities by 9.3% in the third quarter. Pacer Advisors Inc. now owns 9,981 shares of the real estate investment trust’s stock valued at $938,000 after buying an additional 852 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its position in Mid-America Apartment Communities by 6.9% in the third quarter. Paradigm Capital Management Inc. NY now owns 45,765 shares of the real estate investment trust’s stock valued at $4,301,000 after buying an additional 2,950 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Mid-America Apartment Communities during the third quarter valued at $153,000. Principal Financial Group Inc. boosted its position in Mid-America Apartment Communities by 26.6% in the third quarter. Principal Financial Group Inc. now owns 464,608 shares of the real estate investment trust’s stock valued at $43,668,000 after buying an additional 97,759 shares during the period. Finally, Marietta Investment Partners LLC boosted its position in Mid-America Apartment Communities by 9.5% in the third quarter. Marietta Investment Partners LLC now owns 4,850 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 421 shares during the period. Hedge funds and other institutional investors own 96.86% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 14th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $3.28 annualized dividend and a yield of 3.58%. Mid-America Apartment Communities’s payout ratio is presently 115.49%.

Mid-America Apartment Communities Company Profile

5 Day Chart for NYSE:MAA

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