Q2 2022 EPS Estimates for Mid-America Apartment Communities, Inc. Increased by Jefferies Financial Group (NYSE:MAA)

Mid-America Apartment Communities, Inc. (NYSE:MAAGet Rating) – Stock analysts at Jefferies Financial Group lifted their Q2 2022 earnings per share (EPS) estimates for shares of Mid-America Apartment Communities in a report issued on Wednesday, May 11th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will earn $1.98 per share for the quarter, up from their prior forecast of $1.97. Jefferies Financial Group also issued estimates for Mid-America Apartment Communities’ Q4 2022 earnings at $2.17 EPS, FY2022 earnings at $8.15 EPS, Q1 2023 earnings at $2.23 EPS, Q2 2023 earnings at $2.23 EPS, Q3 2023 earnings at $2.23 EPS, Q4 2023 earnings at $2.33 EPS, FY2023 earnings at $9.02 EPS and Q1 2024 earnings at $2.37 EPS.

Mid-America Apartment Communities (NYSE:MAAGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.13. Mid-America Apartment Communities had a net margin of 32.66% and a return on equity of 9.77%. During the same period in the prior year, the firm earned $1.64 EPS.

MAA has been the subject of several other reports. StockNews.com initiated coverage on shares of Mid-America Apartment Communities in a research note on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. upped their target price on shares of Mid-America Apartment Communities from $210.00 to $238.00 in a research note on Tuesday, January 18th. Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 16th. BTIG Research started coverage on shares of Mid-America Apartment Communities in a report on Monday. They set a “buy” rating and a $225.00 target price on the stock. Finally, Piper Sandler dropped their target price on shares of Mid-America Apartment Communities from $240.00 to $230.00 in a report on Wednesday, May 4th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $211.09.

Shares of MAA stock opened at $177.35 on Friday. Mid-America Apartment Communities has a one year low of $154.07 and a one year high of $231.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.14 and a current ratio of 0.14. The company has a 50 day moving average price of $204.41 and a 200 day moving average price of $208.34. The firm has a market capitalization of $20.47 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 10.80 and a beta of 0.73.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were given a dividend of $1.0875 per share. This represents a $4.35 annualized dividend and a yield of 2.45%. The ex-dividend date was Wednesday, April 13th. Mid-America Apartment Communities’s payout ratio is presently 84.30%.

In related news, COO Thomas L. Grimes, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $202.50, for a total transaction of $4,050,000.00. Following the transaction, the chief operating officer now owns 44,983 shares of the company’s stock, valued at $9,109,057.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.34% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at $656,403,000. PGGM Investments boosted its stake in shares of Mid-America Apartment Communities by 865.4% in the 4th quarter. PGGM Investments now owns 2,313,922 shares of the real estate investment trust’s stock valued at $530,906,000 after purchasing an additional 2,074,236 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Mid-America Apartment Communities by 6.9% in the 4th quarter. BlackRock Inc. now owns 12,596,863 shares of the real estate investment trust’s stock valued at $2,890,225,000 after purchasing an additional 807,830 shares in the last quarter. State Street Corp boosted its stake in shares of Mid-America Apartment Communities by 8.1% in the 4th quarter. State Street Corp now owns 7,333,395 shares of the real estate investment trust’s stock valued at $1,682,574,000 after purchasing an additional 546,867 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Mid-America Apartment Communities by 991.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 472,916 shares of the real estate investment trust’s stock valued at $99,052,000 after purchasing an additional 429,584 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Mid-America Apartment Communities Company Profile (Get Rating)

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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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

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