Mid-America Apartment Communities Inc (NYSE:MAA) – Research analysts at Jefferies Group cut their FY2018 earnings per share estimates for Mid-America Apartment Communities in a research note issued on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $6.18 for the year, down from their previous estimate of $6.24. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Mid-America Apartment Communities’ FY2019 earnings at $6.67 EPS.

MAA has been the subject of several other research reports. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Stifel Nicolaus lowered 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 research report on Friday, October 27th. Mizuho reissued a “hold” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Monday, November 6th. ValuEngine downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, SunTrust Banks reissued a “buy” rating and set a $109.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus price target of $110.50.

Shares of Mid-America Apartment Communities (MAA) traded up $0.88 during mid-day trading on Wednesday, hitting $92.20. 885,600 shares of the stock traded hands, compared to its average volume of 778,550. Mid-America Apartment Communities has a 52 week low of $90.88 and a 52 week high of $110.95. The company has a market capitalization of $10,550.00, a P/E ratio of 41.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.34.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $386.96 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The firm’s revenue was up 38.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a $0.9225 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $3.69 dividend on an annualized basis and a yield of 4.00%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 166.22%.

In other Mid-America Apartment Communities news, Director William Reid Sanders bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $100.11 per share, with a total value of $700,770.00. Following the completion of the transaction, the director now owns 8,209 shares in the company, valued at $821,802.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders purchased 7,116 shares of company stock valued at $710,687. 1.25% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Mid-America Apartment Communities by 1.4% in the second quarter. Vanguard Group Inc. now owns 20,004,797 shares of the real estate investment trust’s stock valued at $2,108,105,000 after acquiring an additional 280,900 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Mid-America Apartment Communities by 15.8% in the third quarter. JPMorgan Chase & Co. now owns 2,862,188 shares of the real estate investment trust’s stock valued at $303,363,000 after acquiring an additional 391,336 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Mid-America Apartment Communities by 197.0% in the third quarter. Cohen & Steers Inc. now owns 2,025,767 shares of the real estate investment trust’s stock valued at $216,514,000 after acquiring an additional 1,343,626 shares during the last quarter. Cbre Clarion Securities LLC lifted its stake in Mid-America Apartment Communities by 3.1% in the second quarter. Cbre Clarion Securities LLC now owns 1,934,644 shares of the real estate investment trust’s stock valued at $203,873,000 after acquiring an additional 58,353 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Mid-America Apartment Communities by 31.5% in the second quarter. Renaissance Technologies LLC now owns 1,884,990 shares of the real estate investment trust’s stock valued at $198,640,000 after acquiring an additional 451,849 shares during the last quarter. Hedge funds and other institutional investors own 92.78% of the company’s stock.

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Mid-America Apartment Communities Company Profile

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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