Mid-America Apartment Communiti (NYSE:MAA):
MAA Announces Quarterly Common Dividend.
The company is now down from yesterday’s close of $97.39.
Mid-America Apartment Communiti also recently declared a dividend for shareholders that was paid on Fri Jul 29, 2016. The dividend was $0.820 per share for the quarter or $3.28 annualized. The dividend yield was $3.41. The ex-dividend date was Wednesday the 13th of July 2016.
It is trading at $95.95 a tad higher than the 50 day moving average of $95.64 and barely below the 200 day moving average of $100.15. The 50 day moving average went up $0.31 or +0.32% whereas the 200 day moving average was down $-4.20 or -4.19%.
The P/E ratio is currently 32.43 and the market cap of the company is 7.25B. In the last earnings report the EPS was $2.96 and is projected to be $5.92 for the current year with 75,534,000 shares currently outstanding. Next quarter’s EPS is expected be $1.51 with next year’s EPS anticipated to be $6.23.
Ratings analysts have released opinions on the stock of late. Equity analyst BTIG Research added MAA to its research portfolio giving it an initial rating of “Neutral”. On August 19 the company was changed to a “Buy” in a report from SunTrust Robinson Humphrey a boost from the previous “Overweight” rating.
On August 15 the stock rating was downgraded to “Hold” from “” by analysts at Jefferies. On July 15, 2016 the stock rating was set at “Overweight” by KeyBanc up from the previous “Sector Weight” rating.
On April 22 the company was rated “Hold” according to a Jefferies report which is down from the previous “Buy” rating. On March 21 the company was rated “Neutral” in a report from Mizuho Securities which was a cut from the previous “Buy” rating.