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Mid-America Apartment Communities Inc. Message Board

  • vikchan vikchan Apr 10, 2006 9:13 AM Flag

    Buying Opportunity

    MAA :MAA: Recent Pullback...Means Attractive Entry Point; Reite
    2006-04-07 06:00 (New York)



    April 7, 2006
    Real Estate Investment Trusts :Equity REITs

    (MAA - $52.60 - NYSE)
    MID AMERICA APARTMENT COMMUNITIES

    Rating: OUTPERFORM
    Price Target: $59.00
    Risk: Moderate Risk
    Valuation Basis: P/FFO

    Company Update

    MAA: Recent Pullback...Means Attractive Entry Point; Reiterate Outperform

    Sheila McGrath
    973.549.4084, sheila.mcgrath@ryanbeck.com
    William Carrier
    212.407.0526, william.carrier@ryanbeck.com
    COMPANY DESCRIPTION:
    Mid America Apartment Communities, Inc. is a real estate investment trust
    focused on acquiring, owning, and operating apartment communities in the
    Southeastern U.S. and Texas. MAA's portfolio currently includes multifamily
    apartment communities containing 38,789 apartment homes in 12 states.

    STOCK DATA

    52-Week Range: $58.75 - $35.62 Long Term Growth Rate: 5%
    Market Cap. (millions): $1,293 LTM Rev. (millions): $288.1
    Shr.O/S-Diluted (MM): 24.5 Enterprise Val. ($MM): 2,433.0
    Avg. Daily Vol.: 119,268 Tot. Debt & Pfd. (mil): $1,140.2
    Indicated Annual Dividend: $2.38 Debt/Capital: 43.8%
    Dividend Yield: 4.52% Institutional Holdings: 56%

 
MAA
101.11-1.22(-1.19%)Jun 24 4:02 PMEDT