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

Mid-America Apartment Communities (NYSE:MAA) is expected to be announcing its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $552.05 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $152.72 on Tuesday. The business’s 50-day simple moving average is $154.23 and its two-hundred day simple moving average is $155.01. The stock has a market cap of $17.85 billion, a PE ratio of 34.47, a P/E/G ratio of 2.46 and a beta of 0.91. Mid-America Apartment Communities has a 52 week low of $121.51 and a 52 week high of $167.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is 136.79%.

Wall Street Analyst Weigh In

MAA has been the topic of several research reports. Mizuho reduced their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research note on Tuesday, December 17th. Finally, Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus price target of $166.00.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.