America Apartment Communities, Inc. (MAA) Issues FY17 Earnings Guidance

Lloyd Doyle
September 26, 2017

Cidel Asset Management Inc controls 132,701 shares valued at $13,984,000. (NYSE:MAA) opened at 107.27 on Friday. Commerce Bank bought a new position in shares of Mid-America Apartment Communities in the second quarter worth $223,000. Short interest grew from 1,561,533 to 1,614,661 over that period. Renaissance Technologies LLC now owns 1,433,141 shares of the real estate investment trust's stock valued at $145,808,000 after purchasing an additional 470,800 shares during the last quarter.

10/20/2016 - Mid-America Apartment Communities, Inc. was upgraded to "market outperform" by analysts at JMP Securities. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust's stock valued at $2,006,709,000 after purchasing an additional 391,852 shares during the last quarter. Comerica Bank grew its holdings in Mid-America Apartment Communities by 2.0% in the first quarter. The ratio is negative, as 187 active investment managers increased or started new holdings, while 175 sold and decreased their stakes in Mid America Apartment Communities Inc. BB&T Capital initiated Mid-America Apartment Communities Inc (NYSE:MAA) rating on Tuesday, November 10. Hedge funds and other institutional investors own 91.76% of the company's stock.

Mid-America Apartment Communities, Inc. has a 50 day moving average of 106.26 and a 200 day moving average of 103.30. Market valuation of the company is $12.19 B, a PE book ratio of 49.59 along with a stock beta of 0.35.

(NYSE:MAA) issued an update on its FY17 earnings guidance on Thursday morning. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.03. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The company had revenue of $382.80 million for the quarter, compared to analysts' expectations of $382.17 million. In the latest earnings report the EPS was $2.16 and is projected to be $1.68 for the current year with 113,607,000 shares outstanding. The corporation provided EPS guidance of $1.39-1.49 for the quarter, compared to the Thomson Reuters average EPS forecast of $1.47. With today's market cap for Mid-America Apartment Communities, Inc., traders can easily name it as one of the major player in its REIT - Residential industry. Next Financial Group, Inc claims 732 shares with a value of $77,000,000.


08/15/2016 - Mid-America Apartment Communities, Inc. had its "outperform" rating reiterated by analysts at Oppenheimer. "(NYSE:MAA)" was posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright law. The original version of this article can be read at https://www.truebluetribune.com/2017/09/24/mid-america-apartment-communities-inc-maa-stake-increased-by-ameriprise-financial-inc.html.

David P. Stockert, Director reported the sale of 6,872 shares. The average 1-year price target for (MAA) reveals an average price target of $111.59 per share. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The firm owned 545,682 shares of the real estate investment trust's stock after buying an additional 31,894 shares during the period. That's a potential 4.13 gain from where (NYSE:MAA) has been trading recently.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 26th. BidaskClub raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating in a research note on Friday, August 11th. ValuEngine upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating in a research report on Friday, September 8th. BTIG analysis boosted Mid-America Apartment Communities from a neutral recommendation to a buy recommendation and fixed a $116.00 PT on the shares in a note on Fri, Sep 8th. A 15 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of EXC or, if they already own its stock, sell it.

08/19/2016 - Mid-America Apartment Communities, Inc. was upgraded to "buy" by analysts at SunTrust. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust's stock valued at $285,000 after purchasing an additional 53 shares during the last quarter. 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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