Mid-America Apartment Communities (MAA) to Release Quarterly Earnings on Wednesday

Mid-America Apartment Communities (NYSE:MAAGet Rating) will announce its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $2.28 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $161.24 on Wednesday. The firm has a market cap of $18.62 billion, a PE ratio of 29.75, a P/E/G ratio of 8.49 and a beta of 0.75. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $158.85 and a two-hundred day simple moving average of $162.88. Mid-America Apartment Communities has a 1-year low of $141.13 and a 1-year high of $217.64.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, January 12th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 3.47%. Mid-America Apartment Communities’s payout ratio is currently 103.32%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAA. StockNews.com began coverage on Mid-America Apartment Communities in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Truist Financial lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $176.00 to $167.00 in a research note on Tuesday, January 17th. Jefferies Financial Group reduced their price objective on Mid-America Apartment Communities from $210.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Capital One Financial restated an “overweight” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, November 30th. Finally, Wolfe Research assumed coverage on Mid-America Apartment Communities in a research note on Tuesday, November 22nd. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $182.85.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Melanie Carpenter sold 242 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $153.85, for a total transaction of $37,231.70. Following the completion of the transaction, the executive vice president now owns 17,883 shares of the company’s stock, valued at approximately $2,751,299.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Melanie Carpenter sold 242 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $153.85, for a total value of $37,231.70. Following the completion of the transaction, the executive vice president now owns 17,883 shares of the company’s stock, valued at approximately $2,751,299.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Monica Houle Mcgurk sold 921 shares of the stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $162.01, for a total transaction of $149,211.21. Following the completion of the transaction, the director now directly owns 835 shares of the company’s stock, valued at approximately $135,278.35. The disclosure for this sale can be found here. Insiders sold 3,383 shares of company stock valued at $528,613 in the last 90 days. Insiders own 1.34% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAA. Federated Hermes Inc. raised its position in Mid-America Apartment Communities by 33.2% in the 3rd quarter. Federated Hermes Inc. now owns 962 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 240 shares during the period. Fund Management at Engine No. 1 LLC purchased a new stake in Mid-America Apartment Communities in the 1st quarter worth about $204,000. Glenmede Trust Co. NA raised its position in Mid-America Apartment Communities by 6.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,463 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 84 shares during the period. Enlightenment Research LLC purchased a new stake in Mid-America Apartment Communities in the 1st quarter worth about $230,000. Finally, Beacon Pointe Advisors LLC increased its position in shares of Mid-America Apartment Communities by 40.8% during the first quarter. Beacon Pointe Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 383 shares during the period. 91.20% of the stock is owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

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Mid-America Apartment Communities, Inc is a real estate investment trust. The firm engages in the operation, acquisition and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned.

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

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