Equities research analysts expect that Mid-America Apartment Communities Inc (NYSE:MAA) will post $1.50 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Mid-America Apartment Communities’ earnings, with estimates ranging from $1.46 to $1.52. Mid-America Apartment Communities also posted earnings per share of $1.50 in the same quarter last year. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, October 31st.

On average, analysts expect that Mid-America Apartment Communities will report full year earnings of $6.05 per share for the current fiscal year, with EPS estimates ranging from $5.98 to $6.09. For the next year, analysts expect that the firm will post earnings of $6.32 per share, with EPS estimates ranging from $6.29 to $6.43. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Mid-America Apartment Communities.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($1.00). Mid-America Apartment Communities had a net margin of 22.36% and a return on equity of 5.28%. The business had revenue of $390.10 million during the quarter, compared to the consensus estimate of $389.62 million. During the same period in the previous year, the business posted $1.48 EPS. Mid-America Apartment Communities’s revenue was up 1.9% compared to the same quarter last year.

Several equities analysts recently weighed in on MAA shares. Barclays reaffirmed a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, October 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $105.00 price target on shares of Mid-America Apartment Communities in a research report on Thursday, August 16th. SunTrust Banks reaffirmed a “buy” rating and issued a $105.00 price target on shares of Mid-America Apartment Communities in a research report on Thursday, August 9th. Capital One Financial started coverage on shares of Mid-America Apartment Communities in a research report on Monday, October 22nd. They issued an “equal weight” rating and a $101.50 price target on the stock. Finally, Stifel Nicolaus cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Thursday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $103.05.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 1,617 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $101.59, for a total transaction of $164,271.03. Following the transaction, the director now owns 75,563 shares of the company’s stock, valued at approximately $7,676,445.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Russell R. French sold 4,993 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $100.69, for a total transaction of $502,745.17. Following the transaction, the director now directly owns 17,770 shares in the company, valued at approximately $1,789,261.30. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $134,000. First Hawaiian Bank purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $171,000. Bridgeworth LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $180,000. Chickasaw Capital Management LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $201,000. Finally, BB&T Securities LLC purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $201,000. Institutional investors own 93.07% of the company’s stock.

NYSE MAA traded down $2.16 during trading hours on Friday, hitting $97.87. The company’s stock had a trading volume of 693,454 shares, compared to its average volume of 633,869. Mid-America Apartment Communities has a 52 week low of $85.16 and a 52 week high of $106.77. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.31 and a beta of 0.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.15 and a current ratio of 0.15.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th will be given a dividend of $0.9225 per share. The ex-dividend date is Friday, October 12th. This represents a $3.69 annualized dividend and a dividend yield of 3.77%. Mid-America Apartment Communities’s dividend payout ratio is currently 62.12%.

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 June 30, 2018, MAA had ownership interest in 101,362 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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