Mid-America Apartment Communiti (NYSE:MAA):
MAA Reports Third Quarter Results.
The company is so far trading up by 0.41% since yesterday’s close of $89.98.
The company recently announced a dividend for shareholders that was paid on Fri Jul 29, 2016. The dividend was $0.820 per share for the quarter which is $3.28 annualized. This dividend represents a yield of $3.53. The ex-dividend date was Wednesday the 12th of October 2016.
Shares of the company are trading at $90.35 which is just a bit below $91.97, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $98.55. The 50 day moving average was down $-1.62 or -1.76% and the 200 day average went down by -8.32%.
The company currently has a P/E ratio of 30.53 and the market cap of the company is 6.82B. In the last earnings report the EPS was $2.96 and is projected to be $5.91 for the current year with 75,534,000 shares now outstanding. Next quarter’s EPS is forecasted to be $1.50 with next year’s EPS anticipated to be $6.19.
Several ratings analysts have provided guidance on MAA of late. On October 20 the company was upgraded from “Market Perform” to “Market Outperform” by JMP Securities. On October 20 the stock rating was upgraded to “Buy” from “Hold” by analysts at Jefferies.
On October 17 the company was upgraded to “Buy” from “Neutral” with a current price target of $105.00 in a statement from DA Davidson. On August 25, 2016 BTIG Research issued its first research report on the stock by announcing an initial rating of “Neutral”.
On August 19, 2016 the stock rating was changed to a “Buy” in a report from SunTrust Robinson Humphrey a boost from the previous “Overweight” rating. On August 15 the company was set at “Hold” according to a Jefferies report which was a cut from the previous “” rating.