Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $163.00

Mid-America Apartment Communities (NYSE:MAA) had its price target lifted by Barclays from $152.00 to $163.00 in a report published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

MAA has been the subject of several other research reports. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $173.00 to $182.00 in a research report on Friday, February 14th. Evercore ISI boosted their price objective 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. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a report on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Mid-America Apartment Communities Stock Up 0.4 %

Shares of MAA stock opened at $160.65 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market cap of $18.78 billion, a P/E ratio of 35.86, a P/E/G ratio of 3.66 and a beta of 0.91. The stock has a 50 day moving average of $153.29 and a 200 day moving average of $156.18. Mid-America Apartment Communities has a twelve month low of $123.23 and a twelve month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. As a group, sell-side analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $1.515 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Institutional Trading of Mid-America Apartment Communities

Hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $2,890,000. Swedbank AB grew its position in Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock worth $32,350,000 after acquiring an additional 5,178 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Mid-America Apartment Communities by 2.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after purchasing an additional 4,301 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $4,304,000. Finally, Capital Investment Advisors LLC raised its holdings in Mid-America Apartment Communities by 27.1% in the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after buying an additional 12,454 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

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.