Preferred Apartment Communities, Inc. (APTS) Consensus Earnings Estimates

Marco Green
October 5, 2017

(NYSE:MAA) will post sales of $386.31 million for the current quarter, according to Zacks Investment Research.

08/15/2016 - Mid-America Apartment Communities, Inc. had its "outperform" rating reiterated by analysts at Oppenheimer.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Next quarter's EPS is estimated at $-0.64 and the next full year EPS is anticipated to be $-2.25. The original version of this story can be viewed at https://www.truebluetribune.com/2017/10/04/equities-analysts-set-expectations-for-mid-america-apartment-communities-inc-s-q3-2017-earnings-maa.html.

Shares of Mid-America Apartment Communities (MAA) opened at 107.18 on Wednesday. They expect $0.42 EPS, up 68.00% or $0.17 from last year's $0.25 per share.

03/21/2016 - Mid-America Apartment Communities, Inc. was downgraded to "neutral" by analysts at Mizuho. During the same quarter in the prior year, the company posted $1.54 earnings per share.

Other research analysts also recently issued research reports about the company. It has ranged in price between $18.86-$19.11 after having started the session at $19.07 as compared to the previous trading day's close of $19.14.

08/03/2016 - Preferred Apartment Communities, Inc. had its "buy" rating reiterated by analysts at Compass Point. ValuEngine upgraded shares of Preferred Apartment Communities from a buy rating to a strong-buy rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Preferred Apartment Communities from a buy rating to a strong-buy rating in a research report on Tuesday, August 1st. (NYSE:SLB), 26 have Buy rating, 1 Sell and 6 Hold. Royal Bank Of Canada reiterated a "buy" rating and set a $112.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday, August 9th. If you are accessing this report on another website, it was illegally copied and reposted in violation of worldwide trademark & copyright legislation.

Analysts await Mid-America Apartment Communities Inc (NYSE:MAA) to report earnings on October, 26. (NYSE:SLB) to report earnings on October, 20 before the open. The stock stands almost -1.35% off versus the 52-week high and 57.49% away from the 52-week low. The company's 50-day moving average is $106.99 and its 200-day moving average is $103.82.

11/30/2016 - Mid-America Apartment Communities, Inc. was upgraded to "outperform" by analysts at BMO Capital Markets. Invest Advsrs holds 0.41% or 5,775 shares.

Based on the latest brokerage notes which have been released to investors, 3 brokers have issued a rating of "strong buy", 1 brokers "buy", 1 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". The ex-dividend date of this dividend is Thursday, September 14th. Mid-America Apartment Communities's payout ratio is 148.72%. The company has an average rating of "Buy" and an average price target of $109.75. Following the completion of the transaction, the director now directly owns 77,180 shares of the company's stock, valued at approximately $8,207,321.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Since May 30, 2017, it had 1 insider purchase, and 2 sales for $2.87 million activity.

A number of institutional investors have recently made changes to their positions in the business.

Mid-America Apartment Communities, Inc. Wells Fargo & Company MN now owns 200,217 shares of the real estate investment trust's stock worth $2,645,000 after buying an additional 54,378 shares in the last quarter.

As of the end of the quarter Perkins Investment Management, LLC had disposed of a total of 67 shares trimming its stake by 0.0%. Teachers Advisors LLC now owns 49,415 shares of the real estate investment trust's stock valued at $737,000 after buying an additional 1,789 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in Mid-America Apartment Communities by 1.1% during the 1st quarter. MAI Capital Management acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $247,000. The stock's market cap is $628.60 million. American International Group Inc. now owns 14,006 shares of the real estate investment trust's stock worth $185,000 after buying an additional 966 shares in the last quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust's stock valued at $613,000 after purchasing an additional 22 shares during the period. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) earned "Market Perform" rating by JMP Securities on Tuesday, September 15. The Firm owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through segments, including multifamily communities, real estate related financing, new market properties and office buildings.

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