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 Ratio0.69
Current Ratio0.21
Quick Ratio0.21
Price-To-Earnings
Trailing P/E Ratio16.16
Forward P/E Ratio16.02
P/E Growth2.3
Sales & Book Value
Annual Sales$1.53 billion
Price / Sales7.14
Cash Flow$7.1202 per share
Price / Cash13.48
Book Value$57.85 per share
Price / Book1.66
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. Stockholders of record on Friday, July 13th will be given a dividend of $0.9225 per share on Tuesday, July 31st. This represents a $3.69 annualized dividend and a dividend yield of 3.83%. 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) issued its quarterly earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.46 by $1.04. The real estate investment trust had revenue of $386.01 million for the quarter, compared to the consensus estimate of $384.42 million. Mid-America Apartment Communities had a net margin of 21.72% and a return on equity of 5.10%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 earnings per share (EPS) guidance of $5.85-$6.15 for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have issued 12-month price targets for Mid-America Apartment Communities' shares. Their forecasts range from $91.00 to $116.00. On average, they anticipate Mid-America Apartment Communities' share price to reach $104.0833 in the next twelve months. 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 CROWN CASTLE In/SH SH (CCI), Public Storage (PSA), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL Rlty Tr/SH SH (DLR), UNIBAIL-RODAMCO/ADR (UNRDY), Welltower (WELL), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC) and Host Hotels and Resorts (HST).
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 stories about MAA stock have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mid-America Apartment Communities earned a media sentiment score of 0.13 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 41.45 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Mid-America Apartment Communities' major shareholders?
Mid-America Apartment Communities' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders 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 institutional 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 institutional investors are buying Mid-America Apartment Communities stock?
MAA stock was purchased 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, Allianz Asset Management GmbH and Royal Bank of Canada. 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 $96.36.
How big of a company is Mid-America Apartment Communities?
Mid-America Apartment Communities has a market capitalization of $10.98 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.
