Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Average Recommendation of “Moderate Buy” by Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $161.64.

MAA has been the topic of a number of research reports. StockNews.com lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research note on Monday, October 21st. Bank of America upgraded shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $144.00 to $189.00 in a research report on Monday, August 12th. Piper Sandler upped their price objective on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada lowered their target price on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st.

Mid-America Apartment Communities Trading Up 0.5 %

NYSE:MAA opened at $158.09 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities has a 52-week low of $120.32 and a 52-week high of $167.39. The stock’s 50 day moving average price is $157.27 and its 200 day moving average price is $148.02. The company has a market capitalization of $18.48 billion, a PE ratio of 35.69, a P/E/G ratio of 2.60 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 earnings per share. On average, research analysts anticipate that Mid-America Apartment Communities will post 8.88 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $1.47 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.72%. Mid-America Apartment Communities’s dividend payout ratio is presently 132.73%.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Mid-America Apartment Communities in the first quarter valued at approximately $232,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Mid-America Apartment Communities by 397.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 62,537 shares of the real estate investment trust’s stock valued at $8,229,000 after acquiring an additional 49,962 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Mid-America Apartment Communities by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 147,815 shares of the real estate investment trust’s stock worth $19,449,000 after purchasing an additional 7,141 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth $270,000. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Mid-America Apartment Communities by 57.3% in the first quarter. Ontario Teachers Pension Plan Board now owns 30,361 shares of the real estate investment trust’s stock valued at $3,995,000 after purchasing an additional 11,056 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.