News stories about Mid-America Apartment Communities (NYSE:MAA) have trended somewhat positive recently, according to AlphaOne. The research group, a division of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mid-America Apartment Communities earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also gave press coverage about the real estate investment trust an impact score of 76 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near term.
MAA has been the subject of several recent research reports. Zacks Investment Research downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Thursday, January 26th. BMO Capital Markets reiterated a “buy” rating and set a $105.00 price target on shares of Mid-America Apartment Communities in a report on Friday, February 17th. Barclays PLC initiated coverage on Mid-America Apartment Communities in a report on Monday, March 27th. They set an “overweight” rating and a $116.00 price target for the company. Jefferies Group LLC upped their price target on Mid-America Apartment Communities from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 30th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Mid-America Apartment Communities in a report on Thursday, April 27th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Mid-America Apartment Communities presently has an average rating of “Buy” and a consensus price target of $108.00.
Mid-America Apartment Communities (NYSE:MAA) traded down 0.03% on Friday, reaching $99.86. The company’s stock had a trading volume of 465,908 shares. Mid-America Apartment Communities has a 12-month low of $85.04 and a 12-month high of $110.01. The stock has a market cap of $11.34 billion, a PE ratio of 42.31 and a beta of 0.29. The company’s 50 day moving average price is $100.58 and its 200-day moving average price is $97.42.
Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, April 26th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.02. The company had revenue of $375.91 million for the quarter, compared to the consensus estimate of $358.74 million. Mid-America Apartment Communities had a return on equity of 6.14% and a net margin of 18.83%. Mid-America Apartment Communities’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. On average, equities analysts expect that Mid-America Apartment Communities will post $1.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were given a $0.87 dividend. The ex-dividend date was Tuesday, April 11th. This represents a $3.48 annualized dividend and a dividend yield of 3.48%. Mid-America Apartment Communities’s payout ratio is 128.41%.
In other Mid-America Apartment Communities news, Director Gary Shorb acquired 500 shares of the stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of $98.90 per share, for a total transaction of $49,450.00. Following the completion of the transaction, the director now directly owns 4,250 shares of the company’s stock, valued at $420,325. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David P. Stockert sold 9,033 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $101.00, for a total value of $912,333.00. Following the completion of the transaction, the director now owns 82,528 shares in the company, valued at $8,335,328. The disclosure for this sale can be found here. 1.66% of the stock is owned by insiders.
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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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