Mid-America Apartment Stock To Go Ex-dividend Tomorrow (MAA)

NEW YORK (TheStreet) -- The ex-dividend date for Mid-America Apartment Communities (NYSE:MAA) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $67.36 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Mid-America Apartment has been 389,100 shares per day over the past 30 days. Mid-America Apartment has a market cap of $2.34 billion and is part of the financial sector and real estate industry. Shares are up 7.3% year to date as of the close of trading on Monday.

Mid-America Apartment Communities, Inc., a real estate investment trust (REIT), engages in acquiring, owning, and operating apartment communities primarily in the Sunbelt region of the United States. The company has a P/E ratio of 70, above the average real estate industry P/E ratio of 61.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mid-America Apartment as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Mid-America Apartment Ratings Report.

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