Mid-America Apartment Communities Inc. (NYSE:MAA) – Investment analysts at KeyCorp cut their FY2017 EPS estimates for Mid-America Apartment Communities in a report issued on Monday. KeyCorp analyst A. Wurschmidt now forecasts that the firm will post earnings per share of $5.90 for the year, down from their prior estimate of $6.01.

A number of other equities research analysts also recently weighed in on MAA. Zacks Investment Research downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. JMP Securities upgraded Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research report on Thursday, October 20th. They noted that the move was a valuation call. Jefferies Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and raised their price target for the company from $109.00 to $113.00 in a research report on Thursday, October 20th. DA Davidson upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and lowered their price target for the company from $106.00 to $105.00 in a research report on Monday, October 17th. Finally, BTIG Research started coverage on Mid-America Apartment Communities in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. 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)

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Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 2.19% during midday trading on Tuesday, hitting $94.28. The company had a trading volume of 862,224 shares. The company has a market capitalization of $7.12 billion, a P/E ratio of 32.97 and a beta of 0.33. The firm’s 50 day moving average is $91.22 and its 200 day moving average is $97.57. Mid-America Apartment Communities has a 52 week low of $82.91 and a 52 week high of $110.01.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $1.49 EPS for the quarter, meeting the consensus estimate of $1.49. Mid-America Apartment Communities had a return on equity of 6.87% and a net margin of 19.96%. The company had revenue of $276.90 million for the quarter, compared to analyst estimates of $275.82 million. During the same quarter in the prior 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.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 14th were given a dividend of $0.82 per share. The ex-dividend date was Wednesday, October 12th. This represents a $3.28 annualized dividend and a yield of 3.56%. Mid-America Apartment Communities’s payout ratio is 115.49%.

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A number of hedge funds have recently bought and sold shares of MAA. Legal & General Group Plc boosted its stake in Mid-America Apartment Communities by 20.7% in the first quarter. Legal & General Group Plc now owns 189,382 shares of the real estate investment trust’s stock valued at $19,356,000 after buying an additional 32,523 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Mid-America Apartment Communities by 21.9% in the first quarter. Envestnet Asset Management Inc. now owns 21,290 shares of the real estate investment trust’s stock worth $2,176,000 after buying an additional 3,822 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Mid-America Apartment Communities by 5.0% in the first quarter. Arizona State Retirement System now owns 39,799 shares of the real estate investment trust’s stock worth $4,068,000 after buying an additional 1,900 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Mid-America Apartment Communities by 42.8% in the second quarter. BNP Paribas Arbitrage SA now owns 44,372 shares of the real estate investment trust’s stock worth $4,721,000 after buying an additional 13,293 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Mid-America Apartment Communities by 0.5% in the second quarter. Raymond James Trust N.A. now owns 11,109 shares of the real estate investment trust’s stock worth $1,182,000 after buying an additional 56 shares in the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

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