Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $169.50.
A number of equities research analysts have issued reports on MAA shares. Evercore ISI boosted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. Truist Financial lowered their target price on Mid-America Apartment Communities from $174.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, May 21st. Barclays raised their target price on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and lifted their price target for the company from $148.00 to $190.00 in a research report on Monday, March 10th.
Get Our Latest Stock Analysis on Mid-America Apartment Communities
Insiders Place Their Bets
Institutional Trading of Mid-America Apartment Communities
Hedge funds have recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 91 shares during the period. Financial Network Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 1st quarter valued at $29,000. AlphaQuest LLC acquired a new stake in Mid-America Apartment Communities during the 1st quarter valued at $34,000. CoreCap Advisors LLC increased its holdings in Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 112 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in Mid-America Apartment Communities during the 1st quarter valued at $36,000. Institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Stock Performance
Shares of MAA stock opened at $149.95 on Wednesday. Mid-America Apartment Communities has a 1 year low of $136.57 and a 1 year high of $173.38. The stock has a market cap of $17.55 billion, a PE ratio of 33.47, a P/E/G ratio of 3.72 and a beta of 0.78. The stock has a fifty day moving average price of $157.73 and a 200 day moving average price of $157.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.22 earnings per share. Sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.
Mid-America Apartment Communities Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities’s payout ratio is currently 126.25%.
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.
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