Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating ) – Analysts at Jefferies Financial Group raised their Q1 2023 earnings per share estimates for Mid-America Apartment Communities in a research note issued to investors on Tuesday, January 3rd. Jefferies Financial Group analyst J. Peterson now forecasts that the real estate investment trust will post earnings per share of $2.32 for the quarter, up from their prior estimate of $2.29. Jefferies Financial Group has a “buy” rating and a $189.00 price objective on the stock. The consensus estimate for Mid-America Apartment Communities’ current full-year earnings per share is $8.46. Jefferies Financial Group also issued estimates for Mid-America Apartment Communities’ Q2 2023 earnings at $2.29 EPS, Q3 2023 earnings at $2.24 EPS, Q4 2023 earnings at $2.35 EPS, Q1 2024 earnings at $2.41 EPS, Q4 2028 earnings at $2.41 EPS, and Q4 2028 earnings at $2.41 EPS. is Earnings at $2.36 EPS, FY2024 earnings at $9.62 EPS and FY2025 earnings at $10.19 EPS.
A number of other brokerages have also weighed in on MAA. Piper Sandler reduced their price objective on Mid-America Apartment Communities to $185.00 in a report on Tuesday, November 1st. Capital One Financial reissued an “overweight” rating on shares of Mid-America Apartment Communities in a report on Wednesday, November 30th. Wolf Research assumed coverage on Mid-America Apartment Communities in a report on Tuesday, November 22nd. They issued a “market perform” rating on the stock. Royal Bank of Canada reduced their price objective on Mid-America Apartment Communities from $177.00 to $170.00 and set a “sector perform” rating on the stock in a report on Friday, October 28th. Finally, StockNews.com began coverage on Mid-America Apartment Communities in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.50.
Mid-America Apartment Communities Trading Down 1.0%
Mid-America Apartment Communities stock opened at $155.42 on Wednesday. The stock has a 50-day moving average of $158.08 and a two-hundred-day moving average of $164.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.08, and a current ratio of 0.08. The stock has a market cap of $17.95 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 8.56 and a beta of 0.75. Mid-America Apartment Communities has a one year low of $141.13 and a one year high of $230.41.
Institutional Trading of Mid-America Apartment Communities
A number of institutional investors have recently bought and sold shares of the business. Clarius Group LLC raised its holdings in Mid-America Apartment Communities by 4.0% during the 2nd quarter. Clarius Group LLC now owns 1,496 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 57 shares during the last quarter. Inspire Investing LLC raised its stake in Mid-America Apartment Communities by 3.7% during the 2nd quarter. Inspire Investing LLC now owns 1,765 shares of the real estate investment trust’s stock valued at $308,000 after acquiring an additional 63 shares during the last quarter. Westmark Advisory Solutions Inc. A grew its stake in Mid-America Apartment Communities by 5.5% during the 2nd quarter. Westmark Advisory Solutions Inc. now owns 1,245 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 65 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Mid-America Apartment Communities by 7.8% during the second quarter. Quadrant Capital Group LLC now owns 1,009 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 73 shares during the last quarter. Finally, Avantex Advisory Services Inc. raised its stake in Mid-America Apartment Communities by 5.9% during the 3rd quarter. Avantex Advisory Services Inc. now owns the company’s stock after acquiring an additional 78 shares during the last quarter. now owns 1,394 shares of the real estate investment trust’s stock valued at $216,000. 91.20% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Monica Hall McGurk sold 921 shares of the business’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $162.01, for a total transaction of $149,211.21. Following the completion of the transaction, the director now directly owns 835 shares of the company’s stock, valued at approximately $135,278.35. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC website. 1.34% of company shares are owned by insiders.
Mid-America apartment communities reap dividends
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be paid a $1.40 dividend. The ex-dividend date is Thursday, January 12th. This is an increase from Mid-America Apartment Communities’ previous quarterly dividend of $1.25. This represents a $5.60 dividend annually and a dividend yield of 3.60%. Mid-America Apartment Communities’ payout ratio is currently 92.25%.
About Mid-America Apartment Communities
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 the Mid-Atlantic regions of the United States.
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