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

Mid-America Apartment Communities (NYSE:MAA) is anticipated to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect Mid-America Apartment Communities to post earnings of $1.04 per share and revenue of $552.05 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $152.72 on Tuesday. The business’s fifty day moving average is $154.23 and its 200 day moving average is $155.01. Mid-America Apartment Communities has a 12-month low of $121.51 and a 12-month high of $167.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market cap of $17.85 billion, a P/E ratio of 34.47, a P/E/G ratio of 2.46 and a beta of 0.91.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.97%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 136.79%.

Analysts Set New Price Targets

Several analysts have recently commented on MAA shares. StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price for the company in a research note on Monday, October 21st. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. BMO Capital Markets decreased their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Finally, Royal Bank of Canada decreased their target price on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $166.00.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.