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

Mid-America Apartment Communities (NYSE:MAA) is set to issue its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $2.20 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The firm had revenue of $543.60 million for the quarter, compared to analysts’ expectations of $541.44 million. Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $2.28 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 Trading Up 0.5 %

MAA opened at $143.16 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.74. Mid-America Apartment Communities has a 52 week low of $115.56 and a 52 week high of $150.79. The stock has a market cap of $16.73 billion, a PE ratio of 30.01, a PEG ratio of 3.17 and a beta of 0.85. The business has a 50 day moving average of $138.96 and a 200-day moving average of $133.31.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Friday, May 31st. Wedbush upgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $135.00 to $154.00 in a report on Monday, May 6th. Scotiabank boosted their price target on Mid-America Apartment Communities from $139.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. Truist Financial raised their price objective on Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.59.

About Mid-America Apartment Communities

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.