Mid-America Apartment Communities (MAA) Scheduled to Post Earnings on Wednesday

Mid-America Apartment Communities (NYSE:MAA) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Mid-America Apartment Communities to post earnings of $2.24 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.93). The business had revenue of $542.25 million for the quarter, compared to analyst estimates of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.32 EPS. On average, analysts expect Mid-America Apartment Communities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Mid-America Apartment Communities Stock Up 1.5 %

Shares of NYSE MAA opened at $131.13 on Tuesday. The stock has a market cap of $15.31 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.90 and a beta of 0.80. The firm has a 50 day moving average price of $129.06 and a 200 day moving average price of $128.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a 52-week low of $115.56 and a 52-week high of $158.46.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 124.84%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler restated a “neutral” rating and set a $140.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mid-America Apartment Communities in a report on Tuesday, January 30th. They set a “hold” rating and a $139.00 price objective for the company. Wedbush restated a “neutral” rating and set a $135.00 price objective on shares of Mid-America Apartment Communities in a report on Monday. Mizuho cut their price target on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, Truist Financial cut their price target on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $143.06.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the sale, the chief executive officer now owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 2,807 shares of company stock valued at $353,955 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.