Mid-America Apartment Communities (NYSE:MAA) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Mid-America Apartment Communities (NYSE:MAA) from a sell rating to a hold rating in a research note released on Saturday morning.

Other equities analysts also recently issued research reports about the company. Piper Sandler lowered their price target on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. began coverage on shares of Mid-America Apartment Communities in a research note on Thursday, July 16th. They issued a “neutral” rating and a $147.00 price objective for the company. UBS Group decreased their price objective on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Cantor Fitzgerald raised their target price on shares of Mid-America Apartment Communities from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $145.38.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $134.90 on Friday. The business’s 50-day simple moving average is $135.60 and its 200-day simple moving average is $131.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a 52 week low of $120.30 and a 52 week high of $146.41. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 39.44 and a beta of 0.73.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a dividend of $1.53 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 178.95%.

Insider Transactions at Mid-America Apartment Communities

In other news, Director Tamara D. Fischer purchased 1,100 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $128.55 per share, with a total value of $141,405.00. Following the acquisition, the director directly owned 1,100 shares in the company, valued at approximately $141,405. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors have recently modified their holdings of MAA. Physician Wealth Advisors Inc. raised its stake in shares of Mid-America Apartment Communities by 65.2% in the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Values First Advisors Inc. increased its holdings in Mid-America Apartment Communities by 0.5% in the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust’s stock valued at $1,889,000 after buying an additional 82 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of Mid-America Apartment Communities by 1.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust’s stock valued at $750,000 after buying an additional 100 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.5% during the 4th quarter. Larson Financial Group LLC now owns 7,008 shares of the real estate investment trust’s stock worth $974,000 after acquiring an additional 102 shares during the period. Finally, World Investment Advisors lifted its holdings in shares of Mid-America Apartment Communities by 5.3% during the 1st quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 110 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 (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.