Mid-America Apartment Communities, Inc. (NYSE:MAA) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, MAA is expected to report 3Q20 income of $ 0.49 per share from revenue of $ 414.02 million.
For the full year, analysts anticipate top line of $ 1659.44 million, while looking forward to income of $ 1.98 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.38 ~ $ 6.62 per share
Click Here For More Historical Outlooks Of Mid-America Apartment Communities, Inc.
Previous Quarter Performance
Mid-America Apartment Communities, Inc. recorded income for the second quarter of $ 1.38 per share, from the revenue of $ 413.03 million. The quarterly earnings grew 160.38 percent compared with the same quarter last year. The consensus estimates are income of $ 0.54 per share from $ 413.28 million in revenue. The bottom line results beat street analysts by $ 0.84 or 155.56 percent, at the same time, top line results fell short of analysts by $ 0.25 million or 0.06 percent.
Stock Performance
Shares of Mid-America Apartment Communities, Inc. traded low $ -2.27 or -1.94 percent on Tuesday, reaching $ 114.86 with volume of 373.40 thousand shares. Mid-America Apartment Communities, Inc. has traded high as $ 117.55 and has cracked $ 114.84 on the downward trend
According to the previous trading day, closing price of $ 114.86, representing a 42.84 % increase from the 52 week low of $ 82.00 and a 21.33 % decrease over the 52 week high of $ 148.88.
The company has a market capital of $ 13.14 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 148.00 target price.
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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of June 30, 2019, MAA had ownership interest in 101,954 apartment units, including communities currently in development, across 17 states and the District of Columbia.
