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

NEW YORK ( TheStreet) -- The ex-dividend date for Mid-America Apartment Communities (NYSE: MAA) is Monday, January 13, 2014. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $62.09 as of 9:50 a.m. ET, the dividend yield is 4.7%.

The average volume for Mid-America Apartment has been 525,400 shares per day over the past 30 days. Mid-America Apartment has a market cap of $4.61 billion and is part of the financial sector and real estate industry. Shares are up 1.4% year to date as of the close of trading on Thursday.

Mid-America Apartment Communities, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in acquisition, redevelopment, new development, property management, and disposition of multifamily apartment communities. The company has a P/E ratio of 35.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mid-America Apartment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Mid-America Apartment Ratings Report.

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