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

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) is set to issue 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. Persons interested in registering for the company's earnings conference call can do so using this link.

Mid-America Apartment Communities Stock Up 1.7 %

NYSE:MAA traded up $2.61 on Wednesday, reaching $156.52. 819,280 shares of the stock traded hands, compared to its average volume of 754,898. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.47 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. The company's fifty day simple moving average is $158.28 and its 200 day simple moving average is $145.00.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued 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 3.76%. Mid-America Apartment Communities's payout ratio is currently 123.27%.

Analyst Ratings Changes

MAA has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Bank of America upgraded shares of Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and upped their target price for the company from $144.00 to $189.00 in a research note on Monday, August 12th. Royal Bank of Canada lifted their price target on shares of 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. Scotiabank increased their price objective on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a "sector perform" rating in a research report on Monday, September 16th. Finally, Raymond James raised shares of Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 target price for the company in a research report on Monday. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $160.75.

Mid-America Apartment Communities Company Profile

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.