Shares of Mid-America Apartment Communities Inc (NYSE:MAA) have been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $109.78.

Several equities analysts recently commented on the company. Zacks Investment Research downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. JMP Securities downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 19th. BMO Capital Markets downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 price objective on the stock. in a research note on Monday, November 27th. Finally, Mizuho reiterated a “hold” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a research note on Monday, November 6th.

In related news, Director William Reid Sanders bought 7,000 shares of the company’s stock in a transaction on Friday, October 27th. The shares were purchased at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the transaction, the director now directly owns 8,209 shares in the company, valued at approximately $821,802.99. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have acquired 7,116 shares of company stock worth $710,687. Company insiders own 1.25% of the company’s stock.

Large investors have recently bought and sold shares of the business. Group One Trading L.P. purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth $209,000. IFM Investors Pty Ltd purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth $217,000. Timber Hill LLC purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth $218,000. Independent Advisor Alliance purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth $227,000. Finally, Parametrica Management Ltd purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth $236,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Mid-America Apartment Communities (NYSE:MAA) traded down $0.76 during mid-day trading on Friday, hitting $91.32. The stock had a trading volume of 856,951 shares, compared to its average volume of 671,544. The company has a market capitalization of $10,380.00, a price-to-earnings ratio of 41.14, a PEG ratio of 2.22 and a beta of 0.34. Mid-America Apartment Communities has a 52 week low of $90.88 and a 52 week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.39 by $0.61. Mid-America Apartment Communities had a return on equity of 4.22% and a net margin of 16.73%. The business had revenue of $384.60 million for the quarter, compared to the consensus estimate of $386.96 million. During the same quarter in the prior year, the business earned $1.47 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up 38.9% on a year-over-year basis. research analysts forecast that Mid-America Apartment Communities will post 5.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be given a dividend of $0.9225 per share. The ex-dividend date is Thursday, January 11th. This represents a $3.69 annualized dividend and a dividend yield of 4.04%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s dividend payout ratio is currently 156.76%.

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Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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