Mid-America Apartment Communities (MAA) Expected to Announce Earnings on Wednesday

Mid-America Apartment Communities (NYSE:MAA) is expected to be issuing its quarterly 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the previous year, the business earned $2.29 earnings per share. Mid-America Apartment Communities’s revenue was up 1.7% compared to the same quarter last year. 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 Performance

Shares of MAA stock opened at $151.28 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The stock has a 50 day moving average price of $154.90 and a two-hundred day moving average price of $154.77. The company has a market capitalization of $17.68 billion, a P/E ratio of 34.15, a PEG ratio of 2.37 and a beta of 0.91.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $1.515 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a dividend yield of 4.01%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 136.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MAA shares. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Scotiabank decreased their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Tuesday, December 17th. Mizuho lowered their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, BMO Capital Markets reduced their target price 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and an average price target of $166.00.

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.