Mid-America Apartment Communities Inc(NYSE:MAA) Declares Dividend of $0.8200.

Mid-America Apartment Communities Inc (NYSE:MAA) had declared a cash dividend of $0.8200 on Sep 27, 2016. The shares will quote ex-dividend on Oct 12, 2016 and the record date has been fixed for Oct 14, 2016. On Sep 27, 2016 share price, the yield comes out to be 39.7094%. The dividend payable date has been fixed on Oct 31, 2016.

In a different note, BTIG Research said it Initiates Coverage on Mid-America Apartment Communities Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 19, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Mid-America Apartment Communities Inc. The shares have been rated ‘Buy’ by the firm. On Aug 15, 2016, Jefferies said it Downgrades its rating on Mid-America Apartment Communities Inc. The shares have been rated ‘Hold’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on Mid-America Apartment Communities Inc. In the research note, the firm Lowers the price-target to $115.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 8, 2016, Citigroup said it Maintains its rating on Mid-America Apartment Communities Inc. In the research note, the firm Raises the price-target to $100.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, KeyBanc said it Upgrades its rating on Mid-America Apartment Communities Inc. The shares have been rated ‘Overweight’ by the firm.

Mid-America Apartment Communities Inc (MAA) shares turned negative on Fridays trading session with the shares closing down -2.16 points or -2.25% at a volume of 8,00,502. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $96.902. The peak price level was also seen at $96.902 while the days lowest was $93.94. Finally the shares closed at $93.99. The 52-week high of the shares is $110.01 while the 52-week low is $80.9301. According to the latest information available, the market cap of the company is $7,099 M.

Mid-America Apartment Communities Inc(MAA) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $272.24M. Analysts had an estimated revenue of $272.71M. Earnings per share were $1.49. Analysts had estimated an EPS of $1.46.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, H Eric Jr Bolton (President and CEO) purchased 60 shares at $82.88 per share price.Also, On Sep 4, 2015, Robert J. Delpriore (EVP, General Counsel) sold 1,040 shares at $77.67 per share price.On Jun 11, 2015, Gary Shorb (director) purchased 700 shares at $73.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Mid-America Apartment Communities Inc. is a multifamily focused self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments L.P. The Company owns operates acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Company’s segments include large market same store communities secondary market same store communities and non-same store communities and other. As of December 31 2014 the Company’s activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties located in Alabama Arizona Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri Nevada North Carolina South Carolina Tennessee Texas and Virginia.

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