Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives $165.31 Consensus Target Price from Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $166.92.

A number of brokerages have recently weighed in on MAA. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research note on Tuesday, December 17th. Royal Bank of Canada cut their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Mizuho dropped their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays initiated coverage on shares of Mid-America Apartment Communities in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $166.00 target price on the stock. Finally, Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a report on Monday, October 21st.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several large investors have recently made changes to their positions in the business. Natixis Advisors LLC increased its holdings in Mid-America Apartment Communities by 4.5% in the 2nd quarter. Natixis Advisors LLC now owns 33,354 shares of the real estate investment trust’s stock valued at $4,757,000 after purchasing an additional 1,445 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Mid-America Apartment Communities by 1.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,030 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 100 shares in the last quarter. TD Asset Management Inc boosted its holdings in Mid-America Apartment Communities by 2.9% in the 2nd quarter. TD Asset Management Inc now owns 40,402 shares of the real estate investment trust’s stock worth $5,762,000 after acquiring an additional 1,148 shares during the period. National Bank of Canada FI grew its position in Mid-America Apartment Communities by 24.3% in the second quarter. National Bank of Canada FI now owns 32,405 shares of the real estate investment trust’s stock valued at $4,575,000 after acquiring an additional 6,332 shares in the last quarter. Finally, Candriam S.C.A. raised its stake in shares of Mid-America Apartment Communities by 8.9% during the second quarter. Candriam S.C.A. now owns 9,261 shares of the real estate investment trust’s stock valued at $1,321,000 after purchasing an additional 759 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.7 %

Mid-America Apartment Communities stock opened at $148.25 on Friday. Mid-America Apartment Communities has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. The stock’s fifty day moving average is $156.65 and its two-hundred day moving average is $153.84. 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 issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. Mid-America Apartment Communities’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.29 earnings per share. Analysts predict that Mid-America Apartment Communities will post 8.88 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 4.09%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 136.79%.

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.