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

Mid-America Apartment Communities (NYSE:MAA) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.24 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.93). The firm had revenue of $542.25 million during the quarter, compared to the consensus estimate of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. Mid-America Apartment Communities’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.32 EPS. 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 Price Performance

Mid-America Apartment Communities stock opened at $127.50 on Wednesday. The firm has a 50-day moving average price of $128.96 and a 200-day moving average price of $128.65. The firm has a market capitalization of $14.88 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.83 and a beta of 0.80. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. Mid-America Apartment Communities has a 12-month low of $115.56 and a 12-month high of $158.46.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $1.47 dividend. The ex-dividend date is Friday, April 12th. This represents a $5.88 annualized dividend and a dividend yield of 4.61%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.84%.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $126.07, for a total transaction of $333,076.94. Following the sale, the chief executive officer now owns 317,737 shares of the company’s stock, valued at approximately $40,057,103.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 2,807 shares of company stock valued at $353,955 in the last 90 days. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MAA shares. Piper Sandler reiterated a “neutral” rating and set a $140.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Morgan Stanley lifted their price objective on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the company an “equal weight” rating in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mid-America Apartment Communities in a report on Tuesday, January 30th. They set a “hold” rating and a $139.00 price objective for the company. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and boosted their price target for the company from $133.00 to $147.00 in a report on Tuesday, January 16th. Finally, Truist Financial reduced their price target on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $143.18.

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.