Brokerages Set Mid-America Apartment Communities, Inc. (NYSE:MAA) Target Price at $145.56

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have earned a consensus rating of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $150.09.

A number of equities research analysts have issued reports on MAA shares. Royal Bank of Canada lifted their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. UBS Group lifted their price objective on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Janney Montgomery Scott raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, June 13th. Truist Financial lifted their price target on Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Morgan Stanley increased their price objective on Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 15th.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Mid-America Apartment Communities by 54,613.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 78,788 shares of the real estate investment trust’s stock worth $11,236,000 after buying an additional 78,644 shares during the last quarter. Hsbc Holdings PLC raised its stake in Mid-America Apartment Communities by 2.9% during the 2nd quarter. Hsbc Holdings PLC now owns 356,679 shares of the real estate investment trust’s stock valued at $50,758,000 after purchasing an additional 9,986 shares during the last quarter. Elo Mutual Pension Insurance Co raised its stake in Mid-America Apartment Communities by 8.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 11,571 shares of the real estate investment trust’s stock valued at $1,650,000 after purchasing an additional 909 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Mid-America Apartment Communities by 24.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,782 shares of the real estate investment trust’s stock valued at $1,660,000 after purchasing an additional 2,350 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in Mid-America Apartment Communities by 4.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 23,276 shares of the real estate investment trust’s stock worth $3,426,000 after purchasing an additional 1,059 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $152.25 on Thursday. The firm has a 50 day simple moving average of $142.07 and a 200 day simple moving average of $134.31. Mid-America Apartment Communities has a 52 week low of $115.56 and a 52 week high of $154.65. The stock has a market cap of $17.79 billion, a P/E ratio of 31.92, a P/E/G ratio of 3.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

About Mid-America Apartment Communities

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.