Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Price Target Of $108.25


As per Mid-America Apartment Communities, Inc. (NYSE:MAA)’s news release on 2016-05-18, its shareholders will get cash dividend of $0.82 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-15 and 2016-07-29, respectively.

The stock will commence trading ex-dividend from 2016-07-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Mid-America Apartment Communities, Inc. (NYSE:MAA) disbursed $0.82 in dividend compared to distribution of $0.82, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 5.4794%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Mid-America Apartment Communities, Inc. (NYSE:MAA) to attain a price target of $108.25. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $119. The low price range is set at $98 for next year while the arithmetic mean is seen at 2.15.

Eyeing Earnings Mid-America Apartment Communities, Inc. (NYSE:MAA) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.49 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Mid-America Apartment Communities, Inc. (NYSE:MAA) earnings came at $1.49 suggesting a deviation of $0.03. The brokerages targeted EPS of $1.46 for the quarter.

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