Mid-America Apartment Communities (MAA) – Investment Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Mid-America Apartment Communities (NYSE: MAA):

  • 2/9/2018 – Mid-America Apartment Communities was given a new $91.00 price target on by analysts at Mizuho. They now have a “hold” rating on the stock.
  • 2/6/2018 – Mid-America Apartment Communities had its price target lowered by analysts at Cantor Fitzgerald from $110.00 to $105.00. They now have an “overweight” rating on the stock. They wrote, “Estimate Update. We have lowered our 2018 FFO/sh. estimates to $6.06 from $6.13, and our SS Revenue estimate to 1.9% from 2.2%. Our NAV/sh. estimate is $104.70 vs. $104.50 prior. On a relative basis, MAA’s 2.0% SS revenue growth guidance for 2018 compares with 1.63% for EQR and 2.1% for AVB.””
  • 2/5/2018 – Mid-America Apartment Communities had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $99.00 price target on the stock.
  • 2/2/2018 – Mid-America Apartment Communities was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/30/2018 – Mid-America Apartment Communities had its price target lowered by analysts at Barclays PLC from $113.00 to $112.00. They now have an “overweight” rating on the stock.
  • 1/30/2018 – Mid-America Apartment Communities was given a new $110.00 price target on by analysts at DA Davidson. They now have a “buy” rating on the stock.
  • 1/22/2018 – Mid-America Apartment Communities was given a new $102.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 1/19/2018 – Mid-America Apartment Communities was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/12/2018 – Mid-America Apartment Communities was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Mid-America Apartment Communities — commonly known as MAA — have underperformed the industry it belongs to, in the past six months. Also, the stock has seen the Zacks Consensus Estimate for fourth quarter 2017 funds from operations (FFO) per share being revised downward in a month’s time. Elevated supply in certain regions is anticipated to taper the company’s growth momentum in the near term. Also, higher concentration of its operations in certain markets makes earnings susceptible to the local economic conditions.In addition, stiff competition from other housing alternatives limits the company’s ability to raise rents or increase occupancy. Hike in interest rates remains a concern. Nonetheless, MAA’s solid balance sheet will aid in pursuing additional opportunistic investments in dynamic markets.”
  • 12/14/2017 – Mid-America Apartment Communities was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating.

Shares of Mid-America Apartment Communities Inc (NYSE MAA) traded down $1.14 on Monday, reaching $86.61. 184,362 shares of the company’s stock were exchanged, compared to its average volume of 809,753. The company has a market capitalization of $9,970.77, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.06 and a beta of 0.28. Mid-America Apartment Communities Inc has a 1 year low of $85.30 and a 1 year high of $110.95.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were paid a dividend of $0.9225 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $3.69 dividend on an annualized basis and a yield of 4.26%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 129.02%.

In other news, Director William Reid Sanders acquired 4,100 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $90.98 per share, with a total value of $373,018.00. Following the completion of the acquisition, the director now owns 13,109 shares in the company, valued at approximately $1,192,656.82. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have bought 4,216 shares of company stock valued at $382,935. Company insiders own 1.25% of the company’s stock.

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.

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