Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives Consensus Rating of “Moderate Buy” from Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA) has been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $166.00.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets decreased their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Evercore ISI started coverage on shares of Mid-America Apartment Communities in a research report on Friday, January 24th. They set an “inline” rating and a $155.00 target price on the stock. StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a report on Tuesday, December 17th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, January 10th.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its position in Mid-America Apartment Communities by 2.3% in the 2nd quarter. Squarepoint Ops LLC now owns 17,231 shares of the real estate investment trust’s stock valued at $2,457,000 after buying an additional 386 shares during the last quarter. Creative Planning boosted its holdings in Mid-America Apartment Communities by 9.6% in the second quarter. Creative Planning now owns 15,832 shares of the real estate investment trust’s stock valued at $2,258,000 after acquiring an additional 1,383 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Mid-America Apartment Communities by 24.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,936 shares of the real estate investment trust’s stock worth $2,558,000 after purchasing an additional 3,533 shares during the period. Truist Financial Corp raised its holdings in Mid-America Apartment Communities by 2.5% during the 2nd quarter. Truist Financial Corp now owns 50,346 shares of the real estate investment trust’s stock worth $7,180,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Mid-America Apartment Communities by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 54,005 shares of the real estate investment trust’s stock worth $7,702,000 after purchasing an additional 2,584 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 1.6 %

NYSE MAA opened at $157.05 on Thursday. Mid-America Apartment Communities has a twelve month low of $121.51 and a twelve month high of $167.39. The stock has a market cap of $18.36 billion, a PE ratio of 35.45, a PEG ratio of 2.46 and a beta of 0.91. The firm has a 50-day simple moving average of $153.89 and a 200 day simple moving average of $155.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. On average, research analysts forecast that Mid-America Apartment Communities will post 8.89 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 136.79%.

About Mid-America Apartment Communities

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.