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

Mid-America Apartment Communities (NYSE:MAA) is set to post its quarterly earnings results 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $153.32 on Monday. The firm’s 50-day moving average is $158.34 and its two-hundred day moving average is $145.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $17.92 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.48 and a beta of 0.88. Mid-America Apartment Communities has a 12-month low of $115.56 and a 12-month high of $167.39.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.84%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 133.94%.

Analysts Set New Price Targets

MAA has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. The Goldman Sachs Group assumed coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 price objective for the company. Piper Sandler lifted their target price on Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. BNP Paribas assumed coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price for the company. Finally, JMP Securities lifted their target price 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 issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to 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.