Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $163.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective upped by Barclays from $152.00 to $163.00 in a report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently weighed in on MAA. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Tuesday, December 17th. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. JMP Securities restated a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. Finally, Mizuho dropped their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Mid-America Apartment Communities Stock Down 0.2 %

NYSE:MAA opened at $157.31 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities has a 12-month low of $123.23 and a 12-month high of $167.39. The stock’s fifty day simple moving average is $153.18 and its 200-day simple moving average is $156.05. The firm has a market capitalization of $18.39 billion, a P/E ratio of 35.11, a P/E/G ratio of 3.65 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Equities research analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $1.515 per share. The ex-dividend date was Wednesday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 3.85%. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $25,000. Activest Wealth Management acquired a new stake in Mid-America Apartment Communities in the third quarter valued at $32,000. CoreCap Advisors LLC grew its position in shares of Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 112 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth about $37,000. Finally, IFP Advisors Inc raised its holdings in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.