Equities analysts expect that Mid-America Apartment Communities Inc (NYSE:MAA) will report sales of $405.32 million for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Mid-America Apartment Communities’ earnings, with estimates ranging from $402.12 million to $410.12 million. Mid-America Apartment Communities posted sales of $390.07 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The company is expected to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Mid-America Apartment Communities will report full-year sales of $1.63 billion for the current fiscal year, with estimates ranging from $1.61 billion to $1.65 billion. For the next year, analysts expect that the business will report sales of $1.68 billion, with estimates ranging from $1.65 billion to $1.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Mid-America Apartment Communities.
Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.95). The firm had revenue of $401.17 million for the quarter, compared to the consensus estimate of $400.91 million. Mid-America Apartment Communities had a net margin of 14.86% and a return on equity of 3.68%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share.
In other Mid-America Apartment Communities news, CFO Albert M. Campbell III sold 301 shares of Mid-America Apartment Communities stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $108.58, for a total value of $32,682.58. Following the completion of the transaction, the chief financial officer now directly owns 43,816 shares of the company’s stock, valued at approximately $4,757,541.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Claude B. Nielsen sold 6,500 shares of Mid-America Apartment Communities stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $109.83, for a total transaction of $713,895.00. Following the completion of the transaction, the director now directly owns 12,117 shares of the company’s stock, valued at $1,330,810.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,636 shares of company stock worth $945,813. 1.30% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of MAA. Lindbrook Capital LLC purchased a new position in shares of Mid-America Apartment Communities during the 4th quarter worth about $35,000. Doyle Wealth Management purchased a new position in shares of Mid-America Apartment Communities during the 4th quarter worth about $85,000. Zions Bancorporation N.A. boosted its stake in shares of Mid-America Apartment Communities by 733.0% during the 1st quarter. Zions Bancorporation N.A. now owns 783 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 689 shares during the period. Cresset Asset Management LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter worth about $124,000. Finally, Welch Group LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter worth about $143,000. 92.59% of the stock is owned by institutional investors and hedge funds.
Shares of MAA stock traded down $0.25 on Tuesday, hitting $117.79. 456,301 shares of the stock traded hands, compared to its average volume of 389,365. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 4.86 and a beta of 0.41. Mid-America Apartment Communities has a 52 week low of $91.21 and a 52 week high of $118.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.14 and a quick ratio of 0.14.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $3.84 dividend on an annualized basis and a yield of 3.26%. Mid-America Apartment Communities’s dividend payout ratio is currently 63.58%.
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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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