Q3 2018 Earnings Estimate for Mid-America Apartment Communities Inc (MAA) Issued By SunTrust Banks

Mid-America Apartment Communities Inc (NYSE:MAA) – Equities researchers at SunTrust Banks raised their Q3 2018 EPS estimates for shares of Mid-America Apartment Communities in a research note issued to investors on Tuesday, June 26th. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will earn $1.52 per share for the quarter, up from their prior forecast of $1.51. SunTrust Banks currently has a “Buy” rating and a $102.00 price target on the stock. SunTrust Banks also issued estimates for Mid-America Apartment Communities’ Q4 2018 earnings at $1.59 EPS and FY2022 earnings at $7.02 EPS.

Several other equities research analysts have also commented on MAA. Robert W. Baird set a $100.00 price objective on Mid-America Apartment Communities and gave the stock a “buy” rating in a research note on Friday, March 2nd. BMO Capital Markets set a $97.00 price objective on Mid-America Apartment Communities and gave the stock a “hold” rating in a research note on Friday, March 2nd. Barclays reiterated a “buy” rating and set a $112.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, April 17th. Zacks Investment Research upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Finally, ValuEngine lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $104.62.

NYSE:MAA opened at $101.25 on Friday. Mid-America Apartment Communities has a 12 month low of $85.16 and a 12 month high of $110.24. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.69. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.38 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($1.04). Mid-America Apartment Communities had a return on equity of 5.10% and a net margin of 21.72%. The firm had revenue of $386.01 million for the quarter, compared to analysts’ expectations of $384.42 million. During the same quarter last year, the firm posted $1.46 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up 1.9% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 13th will be given a $0.9225 dividend. The ex-dividend date is Thursday, July 12th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.64%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 62.12%.

In other Mid-America Apartment Communities news, insider H Eric Bolton, Jr. acquired 1,130 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were purchased at an average cost of $88.39 per share, for a total transaction of $99,880.70. Following the completion of the acquisition, the insider now owns 220,643 shares of the company’s stock, valued at approximately $19,502,634.77. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Reid Sanders acquired 2,800 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The stock was acquired at an average price of $87.92 per share, for a total transaction of $246,176.00. Following the completion of the acquisition, the director now directly owns 15,109 shares of the company’s stock, valued at approximately $1,328,383.28. The disclosure for this purchase can be found here. 1.26% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in Mid-America Apartment Communities by 34.9% in the fourth quarter. LPL Financial LLC now owns 12,536 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 3,240 shares during the last quarter. First Trust Advisors LP lifted its holdings in Mid-America Apartment Communities by 15.7% in the fourth quarter. First Trust Advisors LP now owns 40,867 shares of the real estate investment trust’s stock valued at $4,110,000 after acquiring an additional 5,554 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Mid-America Apartment Communities by 1.7% in the fourth quarter. Alliancebernstein L.P. now owns 3,109,252 shares of the real estate investment trust’s stock valued at $312,666,000 after acquiring an additional 50,626 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in Mid-America Apartment Communities by 3,870.2% in the first quarter. Federated Investors Inc. PA now owns 2,263 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 2,206 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in Mid-America Apartment Communities by 14.1% in the fourth quarter. American International Group Inc. now owns 40,594 shares of the real estate investment trust’s stock valued at $4,082,000 after acquiring an additional 5,028 shares during the last quarter. Hedge funds and other institutional investors own 91.63% of the company’s stock.

Mid-America Apartment Communities Company Profile

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 March 31, 2018, MAA had ownership interest in 100,490 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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