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

Mid-America Apartment Communities (NYSE:MAA) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Mid-America Apartment Communities to post earnings of $2.18 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Mid-America Apartment Communities Price Performance

Shares of MAA stock opened at $153.91 on Wednesday. The firm has a market cap of $17.98 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.47 and a beta of 0.88. The firm has a fifty day moving average of $158.21 and a two-hundred day moving average of $144.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities has a 1-year low of $115.56 and a 1-year high of $167.39.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.82%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 123.27%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their target price for the stock from $144.00 to $189.00 in a report on Monday, August 12th. Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. BNP Paribas initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price for the company. Finally, JMP Securities increased their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.75.

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.