Mid-America Apartment Communities Expected to Post FY2018 Earnings of $6.03 Per Share (MAA)

Mid-America Apartment Communities (NYSE:MAA) – Equities research analysts at Jefferies Group lowered their FY2018 earnings per share estimates for shares of Mid-America Apartment Communities in a research note issued to investors on Thursday, April 12th, according to Zacks Investment Research. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings per share of $6.03 for the year, down from their prior estimate of $6.05. Jefferies Group has a “Hold” rating and a $99.00 price objective on the stock. Jefferies Group also issued estimates for Mid-America Apartment Communities’ FY2019 earnings at $6.49 EPS.

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Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Mizuho set a $91.00 price objective on shares of Mid-America Apartment Communities and gave the company a “hold” rating in a report on Friday, February 9th. Stifel Nicolaus raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, January 19th. They noted that the move was a valuation call. Cantor Fitzgerald decreased their price objective on shares of Mid-America Apartment Communities from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Finally, SunTrust Banks set a $102.00 price objective on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a report on Monday, January 22nd. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Mid-America Apartment Communities currently has a consensus rating of “Buy” and an average price target of $104.62.

Shares of NYSE MAA opened at $89.61 on Friday. The company has a market capitalization of $10,270.66, a PE ratio of 15.21, a PEG ratio of 2.15 and a beta of 0.34. Mid-America Apartment Communities has a 52-week low of $85.16 and a 52-week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.40). The firm had revenue of $382.74 million during the quarter, compared to the consensus estimate of $386.33 million. Mid-America Apartment Communities had a return on equity of 4.99% and a net margin of 21.42%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.9225 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $3.69 dividend on an annualized basis and a yield of 4.12%. Mid-America Apartment Communities’s dividend payout ratio is currently 62.12%.

In other Mid-America Apartment Communities news, Director Gary Shorb bought 500 shares of Mid-America Apartment Communities stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $86.53 per share, with a total value of $43,265.00. Following the completion of the acquisition, the director now owns 4,750 shares in the company, valued at $411,017.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Reid Sanders bought 4,100 shares of Mid-America Apartment Communities stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $90.98 per share, with a total value of $373,018.00. Following the completion of the acquisition, the director now owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The disclosure for this purchase can be found here. 1.26% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Mid-America Apartment Communities by 4.2% in the fourth quarter. BlackRock Inc. now owns 11,003,658 shares of the real estate investment trust’s stock worth $1,106,527,000 after purchasing an additional 440,089 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Mid-America Apartment Communities by 1.7% in the fourth quarter. Alliancebernstein L.P. now owns 3,109,252 shares of the real estate investment trust’s stock worth $312,666,000 after purchasing an additional 50,626 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Mid-America Apartment Communities by 246.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,758,223 shares of the real estate investment trust’s stock worth $277,366,000 after purchasing an additional 1,961,027 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Mid-America Apartment Communities by 0.5% in the fourth quarter. OppenheimerFunds Inc. now owns 1,866,806 shares of the real estate investment trust’s stock worth $187,727,000 after purchasing an additional 9,541 shares in the last quarter. Finally, Brookfield Asset Management Inc. increased its stake in shares of Mid-America Apartment Communities by 6.6% in the fourth quarter. Brookfield Asset Management Inc. now owns 1,552,278 shares of the real estate investment trust’s stock worth $156,097,000 after purchasing an additional 96,700 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

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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 throughout the United States. As of December 31, 2017, MAA had ownership interest in 100,489 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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