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About Mid-America Apartment Communities (NYSE:MAA)
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities throughout the United States. As of March 31, 2018, MAA had ownership interest in 100,490 apartment units, including communities currently in development, across 17 states and the District of Columbia. For further details, please visit the MAA website at www.maac.com or contact Investor Relations at [email protected], or via mail at MAA, 6815 Poplar Ave., Suite 500, Germantown, TN 38138, Attn: Investor Relations.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
SymbolNYSE:MAA
CUSIP59522J10
Phone901-682-6600
Debt
Debt-to-Equity RatioN/A
Current Ratio0.02
Quick Ratio0.02
Price-To-Earnings
Trailing P/E Ratio15.46
Forward P/E Ratio15.28
P/E Growth2.11
Sales & Book Value
Annual Sales$1.53 billion
Price / Sales6.82
Cash Flow$7.4031 per share
Price / Cash12.38
Book Value$57.30 per share
Price / Book1.60
Profitability
EPS (Most Recent Fiscal Year)$5.94
Net Income$328.37 million
Net Margins21.72%
Return on Equity5.10%
Return on Assets2.90%
Miscellaneous
Employees2,464
Outstanding Shares113,790,000
Mid-America Apartment Communities (NYSE:MAA) Frequently Asked Questions
What is Mid-America Apartment Communities' stock symbol?
Mid-America Apartment Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAA."
How often does Mid-America Apartment Communities pay dividends? What is the dividend yield for Mid-America Apartment Communities?
Mid-America Apartment Communities announced a quarterly dividend on Tuesday, May 22nd. Investors of record on Friday, July 13th will be paid a dividend of $0.9225 per share on Tuesday, July 31st. This represents a $3.69 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, July 12th. View Mid-America Apartment Communities' Dividend History.
How were Mid-America Apartment Communities' earnings last quarter?
Mid-America Apartment Communities Inc (NYSE:MAA) announced its quarterly earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by $1.04. The real estate investment trust had revenue of $386.01 million for the quarter, compared to analysts' expectations of $384.42 million. Mid-America Apartment Communities had a return on equity of 5.10% and a net margin of 21.72%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. View Mid-America Apartment Communities' Earnings History.
When is Mid-America Apartment Communities' next earnings date?
What guidance has Mid-America Apartment Communities issued on next quarter's earnings?
Mid-America Apartment Communities issued an update on its FY18 earnings guidance on Wednesday, May, 2nd. The company provided EPS guidance of $5.85-$6.15 for the period, compared to the Thomson Reuters consensus estimate of $6.02. Mid-America Apartment Communities also updated its Q2 guidance to $1.43-$1.53 EPS.
What price target have analysts set for MAA?
14 analysts have issued 1-year price objectives for Mid-America Apartment Communities' stock. Their forecasts range from $91.00 to $116.00. On average, they expect Mid-America Apartment Communities' stock price to reach $104.0833 in the next year. View Analyst Ratings for Mid-America Apartment Communities.
What are Wall Street analysts saying about Mid-America Apartment Communities stock?
Here are some recent quotes from research analysts about Mid-America Apartment Communities stock:
- 1. According to Zacks Investment Research, "Shares of Mid-America Apartment Communities — commonly referred as MAA — have underperformed the industry it belongs to in the past three months. However, the Zacks Consensus Estimate for second-quarter 2018 funds from operations (FFO) per share has been revised upward in a week’s time. Recently, MAA reported first-quarter 2018 FFO of $1.44 per share, missing the Zacks Consensus Estimate of $1.46. But, rental and other property revenues came in 1.9% higher than the prior-year quarter tally and also surpassed expectations. MAA recorded growth in average effective rent per unit as well as average physical occupancy in the quarter, though operating expenses and property management expenses flared up in the quarter. Notably, MAA has a well-balanced portfolio and a solid balance sheet. But, elevated supply in a number of the company’s markets is anticipated to taper its growth momentum in the near term." (5/7/2018)
- 2. Cantor Fitzgerald analysts commented, "Estimate Update. We have lowered our 2018 FFO/sh. estimates to $6.06 from $6.13, and our SS Revenue estimate to 1.9% from 2.2%. Our NAV/sh. estimate is $104.70 vs. $104.50 prior. On a relative basis, MAA’s 2.0% SS revenue growth guidance for 2018 compares with 1.63% for EQR and 2.1% for AVB." (2/6/2018)
Who are some of Mid-America Apartment Communities' key competitors?
Some companies that are related to Mid-America Apartment Communities include Public Storage (PSA), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), UNIBAIL-RODAMCO/ADR (UNRDY), Equity Residential (EQR), Digital Realty (DLR), AvalonBay Communities (AVB), Welltower (WELL), GGP (GGP), Ventas (VTR), SBA Communications (SBAC), Boston Properties (BXP), Host Hotels & Resorts (HST) and Essex Property Trust (ESS).
Who are Mid-America Apartment Communities' key executives?
Mid-America Apartment Communities' management team includes the folowing people:
- Mr. H. Eric Bolton Jr., Chairman, Pres & CEO (Age 61)
- Mr. Albert M. Campbell III, Exec. VP & CFO (Age 51)
- Mr. Thomas L. Grimes Jr., Exec. VP & COO (Age 49)
- Mr. Robert J. DelPriore Esq., J.D., Exec. VP & Gen. Counsel (Age 49)
- Mr. A. Clay Holder, Sr. VP & Chief Accounting Officer (Age 41)
Has Mid-America Apartment Communities been receiving favorable news coverage?
Media coverage about MAA stock has trended somewhat negative recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mid-America Apartment Communities earned a coverage optimism score of -0.01 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 47.16 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Mid-America Apartment Communities' major shareholders?
Mid-America Apartment Communities' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.64%), JPMorgan Chase & Co. (4.26%), Brookfield Asset Management Inc. (2.30%), OppenheimerFunds Inc. (2.15%), Northern Trust Corp (1.65%) and Dimensional Fund Advisors LP (1.53%). Company insiders that own Mid-America Apartment Communities stock include Claude B Nielsen, David P Stockert, Gary Shorb, H Eric Bolton Jr and William Reid Sanders. View Institutional Ownership Trends for Mid-America Apartment Communities.
Which major investors are selling Mid-America Apartment Communities stock?
MAA stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Massachusetts Financial Services Co. MA, Prudential Financial Inc., Nuveen Asset Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Russell Investments Group Ltd. and Advantus Capital Management Inc. Company insiders that have sold Mid-America Apartment Communities company stock in the last year include Claude B Nielsen and David P Stockert. View Insider Buying and Selling for Mid-America Apartment Communities.
Which major investors are buying Mid-America Apartment Communities stock?
MAA stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Brookfield Asset Management Inc., Millennium Management LLC, OppenheimerFunds Inc., Diamond Hill Capital Management Inc., Allianz Asset Management GmbH, Royal Bank of Canada and Echo Street Capital Management LLC. Company insiders that have bought Mid-America Apartment Communities stock in the last two years include Gary Shorb, H Eric Bolton Jr and William Reid Sanders. View Insider Buying and Selling for Mid-America Apartment Communities.
How do I buy shares of Mid-America Apartment Communities?
Shares of MAA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mid-America Apartment Communities' stock price today?
One share of MAA stock can currently be purchased for approximately $91.65.
How big of a company is Mid-America Apartment Communities?
Mid-America Apartment Communities has a market capitalization of $10.08 billion and generates $1.53 billion in revenue each year. The real estate investment trust earns $328.37 million in net income (profit) each year or $5.94 on an earnings per share basis. Mid-America Apartment Communities employs 2,464 workers across the globe.
How can I contact Mid-America Apartment Communities?
Mid-America Apartment Communities' mailing address is 6584 POPLAR AVE, MEMPHIS TN, 38138. The real estate investment trust can be reached via phone at 901-682-6600 or via email at [email protected]
MarketBeat Community Rating for Mid-America Apartment Communities (MAA)
MarketBeat's community ratings are surveys of what our community members think about Mid-America Apartment Communities and other stocks. Vote "Outperform" if you believe MAA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MAA will underperform the S&P 500 over the long term. You may vote once every thirty days.
Mid-America Apartment Communities (NYSE:MAA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
14 Wall Street analysts have issued ratings and price targets for Mid-America Apartment Communities in the last 12 months. Their average twelve-month price target is $104.0833, suggesting that the stock has a possible upside of 13.57%. The high price target for MAA is $116.00 and the low price target for MAA is $91.00. There are currently 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.57 | 2.57 | 2.57 | 2.67 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $104.0833 | $104.0833 | $105.75 | $110.2727 |
| Price Target Upside: | 13.57% upside | 12.78% upside | 21.55% upside | 4.55% upside |
Mid-America Apartment Communities (NYSE:MAA) Consensus Price Target History
Mid-America Apartment Communities (NYSE:MAA) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Mid-America Apartment Communities (NYSE:MAA) Dividend Information
Mid-America Apartment Communities pays an annual dividend of $3.69 per share, with a dividend yield of 4.03%. MAA's next quarterly dividend payment will be made on Tuesday, July 31. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 6.00% each year. Mid-America Apartment Communities pays out 62.12% of its earnings out as a dividend.
| Next Dividend: | 7/31/2018 |
| Annual Dividend: | $3.69 |
| Dividend Yield: | 4.03% |
| Dividend Growth: | 6.00% (3 Year Average) |
| Payout Ratio(s): | 62.12% (Trailing 12 Months of Earnings)
61.50% (Based on This Year's Estimates)
58.29% (Based on Next Year's Estimates)
49.84% (Based on Cash Flow)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Mid-America Apartment Communities (NYSE:MAA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/22/2018 | quarterly | $0.9225 | 4.11% | 7/12/2018 | 7/13/2018 | 7/31/2018 |
| 3/13/2018 | quarterly | $0.9225 | 4.12428747066056% | 4/12/2018 | 4/13/2018 | 4/30/2018 |
| 12/5/2017 | quarterly | $0.9225 | 3.61% | 1/11/2018 | 1/12/2018 | 1/31/2018 |
| 9/26/2017 | quarterly | $0.87 | 3.28% | 10/12/2017 | 10/13/2017 | 10/31/2017 |
| 5/23/2017 | quarterly | $0.87 | 3.46% | 7/12/2017 | 7/14/2017 | 7/31/2017 |
| 3/23/2017 | quarterly | $0.87 | 3.41% | 4/11/2017 | 4/14/2017 | 4/28/2017 |
| 12/8/2016 | quarterly | $0.87 | | 1/11/2017 | 1/13/2017 | 1/31/2017 |
| 9/27/2016 | quarterly | $0.82 | | 10/12/2016 | 10/14/2016 | 10/31/2016 |
| 5/17/2016 | quarterly | $0.82 | | 7/13/2016 | 7/15/2016 | 7/29/2016 |
| 3/22/2016 | quarterly | $0.82 | | 4/13/2016 | 4/15/2016 | 4/29/2016 |
| 12/8/2015 | quarterly | $0.82 | | 1/13/2016 | 1/15/2016 | 1/29/2016 |
| 9/24/2015 | quarterly | $0.77 | | 10/13/2015 | 10/15/2015 | 10/30/2015 |
| 5/19/2015 | quarterly | $0.77 | 4.01% | 7/13/2015 | 7/15/2015 | 7/31/2015 |
| 3/12/2015 | quarterly | $0.77 | 4.15% | 4/13/2015 | 4/15/2015 | 4/30/2015 |
| 12/3/2014 | quarterly | $0.77 | 4.24% | 1/13/2015 | 1/15/2015 | 1/30/2015 |
| 9/11/2014 | quarterly | $0.73 | 4.27% | 10/10/2014 | 10/15/2014 | 10/31/2014 |
| 5/22/2014 | quarterly | $0.73 | 4.09% | 7/11/2014 | 7/15/2014 | 7/31/2014 |
| 3/20/2014 | quarterly | $0.73 | 4.34% | 4/11/2014 | 4/15/2014 | 4/30/2014 |
| 12/3/2013 | quarterly | $0.73 | 4.75% | 12/12/2013 | 1/15/2014 | 1/31/2014 |
| 9/30/2013 | quarterly | $0.6950 | 4.36% | 10/10/2013 | 10/15/2013 | 10/31/2013 |
| 5/21/2013 | quarterly | $0.6950 | 3.79% | 7/11/2013 | 7/15/2013 | 7/31/2013 |
| 3/12/2013 | quarterly | $0.6950 | 4.08% | 4/11/2013 | 4/15/2013 | 4/30/2013 |
| 12/4/2012 | quarterly | $0.6950 | | | 1/15/2013 | 1/31/2013 |
(Data available from 1/1/2013 forward)
Mid-America Apartment Communities (NYSE MAA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.26%
Institutional Ownership Percentage: 91.58%
Mid-America Apartment Communities (NYSE MAA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/21/2018 | William Reid Sanders | Director | Buy | 2,800 | $87.92 | $246,176.00 | 15,109 |  |
| 5/18/2018 | H Eric Bolton Jr | Insider | Buy | 1,130 | $88.39 | $99,880.70 | 220,643 | |
| 2/21/2018 | Claude B Nielsen | Director | Sell | 7,200 | $86.44 | $622,368.00 | 20,417 | |
| 2/9/2018 | Gary Shorb | Director | Buy | 500 | $86.53 | $43,265.00 | 4,750 | |
| 2/2/2018 | William Reid Sanders | Director | Buy | 4,100 | $90.98 | $373,018.00 | 13,109 | |
| 12/29/2017 | H Eric Bolton Jr | Insider | Buy | 58 | $85.49 | $4,958.42 | | |
| 12/29/2017 | H Eric Bolton Jr | CEO | Buy | 58 | $85.49 | $4,958.42 | 207,703 | |
| 10/27/2017 | William Reid Sanders | Director | Buy | 7,000 | $100.11 | $700,770.00 | 8,209 | |
| 9/6/2017 | David P Stockert | Director | Sell | 6,872 | $106.34 | $730,768.48 | 77,180 | |
| 5/9/2017 | Gary Shorb | Director | Buy | 500 | $98.90 | $49,450.00 | 4,250 | |
| 3/6/2017 | David P Stockert | Director | Sell | 9,033 | $101.00 | $912,333.00 | 82,528 | |
| 12/30/2016 | H Eric Bolton Jr | Insider | Buy | 60 | $82.64 | $4,958.40 | 196,362 | |
| 6/30/2016 | H Eric Bolton Jr | CEO | Buy | 60 | $82.88 | $4,972.80 | 196,302 | |
| 9/2/2015 | Robert J Delpriore | EVP | Sell | 1,040 | $77.67 | $80,776.80 | 9,265 | |
| 5/7/2015 | Edward Thomas Wright | EVP | Sell | 8,640 | $76.00 | $656,640.00 | | |
| 5/1/2015 | Gary Shorb | Director | Buy | 1,000 | $76.30 | $76,300.00 | | |
| 12/10/2014 | Gary Shorb | Director | Buy | 2,050 | $73.18 | $150,019.00 | | |
| 10/31/2014 | Thomas H Lowder | Director | Sell | 6,977 | $70.22 | $489,924.94 | | |
| 9/11/2014 | James K Lowder | Director | Sell | 576 | $70.64 | $40,688.64 | | |
| 5/19/2014 | James Lowder | Director | Sell | 5,699 | $72.35 | $412,322.65 | 495 | |
| 5/14/2014 | James Lowder | Director | Sell | 45,631 | $71.21 | $3,249,383.51 | 1,197 | |
| 5/13/2014 | Thomas Lowder | Director | Sell | 155,405 | $71.32 | $11,083,484.60 | 20,557 | |
| 5/7/2014 | Edward Thomas Wright | EVP | Sell | 1,363 | $70.57 | $96,186.91 | 17,948 | |
| 5/2/2014 | Edward Thomas Wright | EVP | Sell | 1,400 | $70.00 | $98,000.00 | 17,948 | |
| 4/22/2014 | James Lowder | Director | Sell | 70,410 | $68.50 | $4,823,085.00 | 1,197 | |
| 4/17/2014 | Thomas Lowder | Director | Sell | 26,388 | $68.50 | $1,807,578.00 | 115,059 | |
| 3/14/2014 | James Lowder | Director | Sell | 11,132 | $67.53 | $751,743.96 | 93,092 | |
| 3/6/2014 | Thomas Lowder | Director | Sell | 40,924 | $68.22 | $2,791,835.28 | 152,647 | |
| 3/5/2014 | James Lowder | Director | Sell | 57,037 | $68.42 | $3,902,471.54 | 103,973 | |
| 3/3/2014 | James Lowder | Director | Sell | 20,250 | $68.09 | $1,378,822.50 | 103,973 | |
| 2/11/2014 | Thomas Lowder | Director | Sell | 140,000 | $67.18 | $9,405,200.00 | 193,571 | |
| 2/7/2014 | Thomas Lowder | Director | Sell | 140,000 | $65.18 | $9,125,200.00 | 333,571 | |
| 1/30/2014 | Thomas Lowder | Director | Sell | 26,776 | $63.01 | $1,687,155.76 | 473,571 | |
| 1/24/2014 | James Lowder | Director | Sell | 43,961 | $63.07 | $2,772,620.27 | 103,973 | |
| 1/21/2014 | Thomas Lowder | Director | Sell | 35,265 | $63.00 | $2,221,695.00 | 587,511 | |
| 12/12/2013 | William Reid Sanders | Director | Buy | 3,200 | $60.16 | $192,512.00 | 3,434 | |
| 12/4/2013 | Harold Ripps | Director | Buy | 10,000 | $60.53 | $605,300.00 | 141,569 | |
| 11/29/2013 | Robert Delpriore | EVP | Buy | 1,000 | $60.25 | $60,250.00 | | |
| 11/13/2013 | William Reid Sanders | Director | Buy | 1,300 | $61.29 | $79,677.00 | 3,434 | |
(Data available from 1/1/2013 forward)
Mid-America Apartment Communities (NYSE MAA) News Headlines
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Mid-America Apartment Communities (NYSE:MAA) SEC Filings
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Mid-America Apartment Communities (NYSE:MAA) Income Statement, Balance Sheet and Cash Flow Statement
Mid-America Apartment Communities (NYSE MAA) Stock Chart for Wednesday, May, 23, 2018
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