Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Average Rating of “Hold” by Brokerages

Mid-America Apartment Communities, Inc. (NYSE:MAA) has earned an average rating of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $159.91.

MAA has been the topic of several research reports. The Goldman Sachs Group assumed coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 price target on the stock. Scotiabank boosted their price objective on Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. BNP Paribas initiated coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price for the company. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th.

Institutional Trading of Mid-America Apartment Communities

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in shares of Mid-America Apartment Communities by 323.8% during the fourth quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock worth $5,430,000 after purchasing an additional 30,855 shares during the period. Perpetual Ltd acquired a new position in shares of Mid-America Apartment Communities during the 1st quarter worth about $15,413,000. Miller Howard Investments Inc. NY increased its stake in shares of Mid-America Apartment Communities by 9.9% in the 1st quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock valued at $25,984,000 after acquiring an additional 17,765 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Mid-America Apartment Communities by 159.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock valued at $3,531,000 after acquiring an additional 16,144 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Mid-America Apartment Communities by 172.5% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 16,154 shares of the real estate investment trust’s stock worth $2,126,000 after acquiring an additional 10,227 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.7 %

Mid-America Apartment Communities stock opened at $157.81 on Friday. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.63 and a beta of 0.88. The firm has a fifty day moving average price of $155.92 and a two-hundred day moving average price of $142.19. Mid-America Apartment Communities has a fifty-two week low of $115.56 and a fifty-two week high of $167.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $1.47 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.73%. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

Mid-America Apartment Communities Company Profile

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.