Mid-America Apartment Communiti (NYSE:MAA):
MAA Reports Third Quarter Results.
The company is so far trading up from yesterday’s close of $89.98.
The company recently declared a dividend that was paid on Fri Jul 29, 2016. The dividend was $0.820 per share for the quarter which is $3.28 annualized. The dividend yield was $3.53. The ex-dividend date was Wednesday the 12th of October 2016.
Company shares last traded at $90.35 which is marginally under the 50 day moving average of $91.97 and just a bit lower than the 200 day moving average of $98.55. The 50 day moving average moved down $-1.62 whereas the 200 day moving average was down $-8.20 or -8.32%.
The P/E ratio is 30.53 and the market cap is 6.82B. As of the latest earnings report the EPS was $2.96 and is expected to be $5.91 for the current year with 75,534,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.50 with next year’s EPS anticipated to be $6.19.
Brokerage firms have released opinions on the stock. On October 20 the stock rating was upgraded from “Hold” to “Buy” in a report from Jefferies. On October 20 the company was upgraded to “Market Outperform” from “Market Perform” by JMP Securities.
On October 17 the company was upgraded to “Buy” from “Neutral” and a price target of $105.00 was set in an announcement from DA Davidson. On August 25 analysts at BTIG Research started covering MAA giving it an initial rating of “Neutral”.
On August 19 the company was upgraded to “Buy” from “Overweight” in a report issued by SunTrust Robinson Humphrey. On August 15 the company was set at “Hold” by Jefferies down from the previous “” rating.