Somewhat Positive News Coverage Somewhat Unlikely to Impact Mid-America Apartment Communities (MAA) Share Price
News stories about Mid-America Apartment Communities (NYSE:MAA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mid-America Apartment Communities earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.5152002791177 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Raymond James Financial Reaffirms Market Perform Rating for Mid-America Apartment Communities (MAA) (americanbankingnews.com)
- Mid-America Apartment Communities, Inc. (MAA) Expected to Post Earnings of $1.49 Per Share (americanbankingnews.com)
- Mid-America Apartment Communities, Inc. (MAA) Downgraded to “Market Perform” at BMO Capital Markets (americanbankingnews.com)
- Mid-America Apartment Communities (MAA) versus Education Realty Trust (EDR) Head to Head Review (americanbankingnews.com)
- Mid-America Apartment Communities, Inc. (MAA) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
Several research analysts have commented on MAA shares. Royal Bank Of Canada restated a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Stifel Nicolaus decreased their price objective on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating for the company in a report on Friday, October 27th. BTIG Research upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Friday, September 8th. SunTrust Banks restated a “buy” rating and issued a $109.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $110.50.
Shares of Mid-America Apartment Communities (NYSE:MAA) traded down $0.62 during mid-day trading on Wednesday, reaching $102.25. 754,800 shares of the company traded hands, compared to its average volume of 673,720. Mid-America Apartment Communities has a one year low of $87.59 and a one year high of $110.95. The stock has a market cap of $11,835.39, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.52 and a beta of 0.35.
Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.61. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $386.96 million. During the same period in the prior year, the firm posted $1.47 EPS. Mid-America Apartment Communities’s revenue for the quarter was up 38.9% on a year-over-year basis. analysts forecast that Mid-America Apartment Communities will post 5.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, October 12th. Mid-America Apartment Communities’s payout ratio is presently 156.76%.
In other news, Director David P. Stockert sold 6,872 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total value of $730,768.48. Following the transaction, the director now owns 77,180 shares in the company, valued at approximately $8,207,321.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Reid Sanders acquired 7,000 shares of the stock in a transaction dated Friday, October 27th. The stock was acquired at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the purchase, the director now directly owns 8,209 shares in the company, valued at $821,802.99. The disclosure for this purchase can be found here. Company insiders own 1.25% of the company’s stock.
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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.
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