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

Mid-America Apartment Communities (NYSE:MAA) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce 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 Stock Performance

NYSE MAA opened at $153.91 on Wednesday. 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 company has a market capitalization of $17.98 billion, a P/E ratio of 32.27, a PEG ratio of 2.47 and a beta of 0.88. Mid-America Apartment Communities has a 1-year low of $115.56 and a 1-year high of $167.39. The business has a 50 day moving average price of $158.21 and a 200 day moving average price of $144.92.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued 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 3.82%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

Wall Street Analyst Weigh In

MAA has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Truist Financial raised their price target on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a research report on Monday. BNP Paribas began coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective for the company. Finally, Scotiabank upped their target price on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.