Mid-America Apartment Communities (NYSE:MAA) Releases FY18 Earnings Guidance

Mid-America Apartment Communities (NYSE:MAA) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.85-$6.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.02. Mid-America Apartment Communities also updated its Q2 guidance to $1.43-$1.53 EPS.

Shares of MAA opened at $88.24 on Friday. Mid-America Apartment Communities has a twelve month low of $88.74 and a twelve month high of $89.40. The stock has a market cap of $10.12 billion, a PE ratio of 14.86, a P/E/G ratio of 2.12 and a beta of 0.34.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($1.04). The company had revenue of $386.01 million during the quarter, compared to the consensus estimate of $384.42 million. Mid-America Apartment Communities had a return on equity of 5.10% and a net margin of 21.72%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. sell-side analysts predict that Mid-America Apartment Communities will post 6 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Friday, April 13th were paid a $0.9225 dividend. This represents a $3.69 annualized dividend and a yield of 4.18%. The ex-dividend date was Thursday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 62.12%.

MAA has been the subject of a number of analyst reports. Stifel Nicolaus raised Mid-America Apartment Communities from a hold rating to a buy rating and set a $100.00 price objective for the company in a research note on Friday, January 19th. They noted that the move was a valuation call. SunTrust Banks set a $102.00 price objective on Mid-America Apartment Communities and gave the company a buy rating in a research note on Monday, January 22nd. DA Davidson set a $110.00 target price on Mid-America Apartment Communities and gave the company a buy rating in a report on Tuesday, January 30th. Barclays decreased their target price on Mid-America Apartment Communities from $113.00 to $112.00 and set an overweight rating for the company in a report on Tuesday, January 30th. Finally, ValuEngine downgraded Mid-America Apartment Communities from a buy rating to a hold rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $104.62.

In related news, Director Claude B. Nielsen sold 7,200 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $86.44, for a total transaction of $622,368.00. Following the sale, the director now directly owns 20,417 shares of the company’s stock, valued at $1,764,845.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.26% of the company’s stock.

Mid-America Apartment Communities Company Profile

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.

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

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