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Somewhat Critical News Coverage Very Likely to Impact Mid-America Apartment Communities (MAA) Share Price

Mid-America Apartment Communities logoMedia stories about Mid-America Apartment Communities (NYSE:MAA) have been trending somewhat negative recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mid-America Apartment Communities earned a media sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also assigned press coverage about the real estate investment trust an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted AlphaOne Sentiment Analysis’s analysis:

  • Brokerages Anticipate Mid-America Apartment Communities Inc (MAA) Will Post Quarterly Sales of $382.59 Million (americanbankingnews.com)
  • Mid-America Apartment Communities Inc (MAA) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
  • KeyCorp Weighs in on Mid-America Apartment Communities Inc’s Q2 2017 Earnings (MAA) (americanbankingnews.com)
  • Brokers Offer Predictions for Mid-America Apartment Communities Inc’s FY2018 Earnings (MAA) (americanbankingnews.com)
  • Zacks: Brokerages Anticipate Mid-America Apartment Communities Inc (MAA) Will Announce Earnings of $1.46 Per Share (americanbankingnews.com)

Several brokerages recently commented on MAA. Jefferies Group LLC boosted their price target on shares of Mid-America Apartment Communities from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 30th. Barclays PLC initiated coverage on shares of Mid-America Apartment Communities in a research note on Monday, March 27th. They set an “overweight” rating and a $116.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, February 17th. Finally, Zacks Investment Research raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, February 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $108.00.

Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 1.04% during mid-day trading on Friday, reaching $100.05. 540,433 shares of the company’s stock were exchanged. Mid-America Apartment Communities has a 52 week low of $85.04 and a 52 week high of $110.01. The stock has a 50 day moving average price of $101.22 and a 200 day moving average price of $96.90.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.02. Mid-America Apartment Communities had a return on equity of 6.14% and a net margin of 18.83%. The business earned $375.91 million during the quarter, compared to the consensus estimate of $358.74 million. During the same period in the previous year, the business earned $1.50 EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts predict that Mid-America Apartment Communities will post $2.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were issued a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.48%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 128.41%.

In other news, Director David P. Stockert sold 9,033 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $101.00, for a total value of $912,333.00. Following the completion of the sale, the director now directly owns 82,528 shares in the company, valued at approximately $8,335,328. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.66% of the stock is currently owned by insiders.

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Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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