Mid-America Apartment Communities (NYSE: MAA) is one of 42 publicly-traded companies in the “Residential REITs” industry, but how does it contrast to its competitors? We will compare Mid-America Apartment Communities to related companies based on the strength of its dividends, analyst recommendations, valuation, risk, profitability, earnings and institutional ownership.
Mid-America Apartment Communities pays an annual dividend of $3.48 per share and has a dividend yield of 3.4%. Mid-America Apartment Communities pays out 156.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Residential REITs” companies pay a dividend yield of 3.5% and pay out 146.1% of their earnings in the form of a dividend. Mid-America Apartment Communities has increased its dividend for 6 consecutive years. Mid-America Apartment Communities lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.
91.3% of Mid-America Apartment Communities shares are held by institutional investors. Comparatively, 76.4% of shares of all “Residential REITs” companies are held by institutional investors. 1.3% of Mid-America Apartment Communities shares are held by insiders. Comparatively, 7.2% of shares of all “Residential REITs” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
This table compares Mid-America Apartment Communities and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Mid-America Apartment Communities||16.73%||4.22%||2.40%|
|Mid-America Apartment Communities Competitors||20.56%||4.13%||1.61%|
This is a breakdown of current ratings and target prices for Mid-America Apartment Communities and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Mid-America Apartment Communities||0||3||8||0||2.73|
|Mid-America Apartment Communities Competitors||186||1218||1251||32||2.42|
Mid-America Apartment Communities presently has a consensus target price of $110.60, suggesting a potential upside of 7.61%. As a group, “Residential REITs” companies have a potential upside of 6.99%. Given Mid-America Apartment Communities’ stronger consensus rating and higher probable upside, equities research analysts plainly believe Mid-America Apartment Communities is more favorable than its competitors.
Volatility & Risk
Mid-America Apartment Communities has a beta of 0.35, suggesting that its share price is 65% less volatile than the S&P 500. Comparatively, Mid-America Apartment Communities’ competitors have a beta of 0.49, suggesting that their average share price is 51% less volatile than the S&P 500.
Valuation & Earnings
This table compares Mid-America Apartment Communities and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Mid-America Apartment Communities||$1.13 billion||$212.22 million||46.30|
|Mid-America Apartment Communities Competitors||$673.41 million||$325.74 million||127.42|
Mid-America Apartment Communities has higher revenue, but lower earnings than its competitors. Mid-America Apartment Communities is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Mid-America Apartment Communities competitors beat Mid-America Apartment Communities on 8 of the 15 factors compared.
About Mid-America Apartment Communities
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. Its Large market same store communities are communities in markets with a population of at least one million and at least 1% of the total public multifamily REIT units that it has owned. Its Secondary market same store communities are communities in markets with populations of more than one million but less than 1% of the total public multifamily REIT units or markets with populations of less than one million that it has owned. Its Non-same store communities and other includes recent acquisitions and communities in development or lease-up communities.
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