Press coverage about Mid-America Apartment Communities (NYSE:MAA) has trended positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mid-America Apartment Communities earned a news impact score of 0.25 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 47.947240969632 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Brokerages Expect Mid-America Apartment Communities, Inc. (MAA) to Post $1.47 Earnings Per Share (americanbankingnews.com)
- Earnings Review and Free Research Report: Mid-America Apartment’s Quarterly Revenue Soared 41% (finance.yahoo.com)
- SunTrust Banks Analysts Cut Earnings Estimates for Mid-America Apartment Communities, Inc. (MAA) (americanbankingnews.com)
- America Apartment Communities, Inc. (NYSE:MAA) Stake Decreased by Kelman Lazarov Inc (overnewsmagazine.com)
- Reviewing Mid-America Apartment Communities (NYSE:MAA) & Apartment Investment and Management (AIV) (americanbankingnews.com)
Shares of Mid-America Apartment Communities (NYSE MAA) traded down 0.290% during midday trading on Thursday, hitting $104.785. 49,294 shares of the company’s stock traded hands. Mid-America Apartment Communities has a 52 week low of $85.04 and a 52 week high of $110.95. The stock has a market cap of $11.90 billion, a P/E ratio of 48.444 and a beta of 0.35. The company has a 50 day moving average of $103.63 and a 200 day moving average of $101.62.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. The firm had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a return on equity of 3.00% and a net margin of 13.02%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 earnings per share. On average, equities analysts forecast that Mid-America Apartment Communities will post $1.69 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a $0.87 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $3.48 annualized dividend and a yield of 3.31%. Mid-America Apartment Communities’s dividend payout ratio is 148.72%.
Several research analysts have recently commented on MAA shares. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price objective on shares of Mid-America Apartment Communities in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a report on Thursday, April 27th. Zacks Investment Research raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a report on Monday, July 10th. Finally, BidaskClub raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Mid-America Apartment Communities has a consensus rating of “Buy” and an average price target of $108.83.
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Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.
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