Mid-America Apartment Communities, Inc. (NYSE:MAA) – Investment analysts at SunTrust Banks dropped their FY2018 earnings per share estimates for Mid-America Apartment Communities in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings per share of $6.50 for the year, down from their prior forecast of $6.53. SunTrust Banks also issued estimates for Mid-America Apartment Communities’ FY2019 earnings at $7.00 EPS.

A number of other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and set a $117.00 price target (up from $116.00) on shares of Mid-America Apartment Communities in a research note on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and set a $115.00 price target on shares of Mid-America Apartment Communities in a research note on Monday, July 10th. Zacks Investment Research downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $107.62.

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Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 0.03% during mid-day trading on Monday, reaching $104.05. 146,456 shares of the company were exchanged. Mid-America Apartment Communities has a 12 month low of $85.04 and a 12 month high of $110.95. The firm has a 50-day moving average price of $104.55 and a 200 day moving average price of $101.35. The stock has a market capitalization of $11.82 billion, a P/E ratio of 48.10 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. The firm had revenue of $382.80 million during the quarter, compared to analysts’ expectations of $382.17 million. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of MAA. Vanguard Group Inc. boosted its position in shares of Mid-America Apartment Communities by 2.0% in the first quarter. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust’s stock worth $2,006,709,000 after buying an additional 391,852 shares in the last quarter. BlackRock Inc. boosted its position in shares of Mid-America Apartment Communities by 2,003.1% in the first quarter. BlackRock Inc. now owns 10,265,099 shares of the real estate investment trust’s stock worth $1,044,371,000 after buying an additional 9,777,008 shares in the last quarter. State Street Corp boosted its position in shares of Mid-America Apartment Communities by 2.0% in the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock worth $684,403,000 after buying an additional 134,757 shares in the last quarter. APG Asset Management US Inc. boosted its position in shares of Mid-America Apartment Communities by 7.7% in the second quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock worth $383,521,000 after buying an additional 260,897 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Mid-America Apartment Communities by 6.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,656,631 shares of the real estate investment trust’s stock worth $168,545,000 after buying an additional 104,406 shares in the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Wednesday, July 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 148.72%.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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

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