Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives $161.64 Consensus Price Target from Brokerages

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eighteen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $161.64.

Several equities analysts have weighed in on MAA shares. BNP Paribas assumed coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a "neutral" rating and a $169.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Truist Financial upped their price target on 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $138.00 to $174.00 in a report on Monday, August 26th.

Mid-America Apartment Communities Stock Performance

MAA stock traded up $0.72 during midday trading on Friday, hitting $158.09. 553,097 shares of the stock traded hands, compared to its average volume of 752,468. The firm has a market cap of $18.48 billion, a P/E ratio of 35.69, a PEG ratio of 2.60 and a beta of 0.88. The stock's fifty day simple moving average is $157.27 and its 200-day simple moving average is $148.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a 1-year low of $120.32 and a 1-year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results 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). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same period in the previous year, the company earned $2.29 EPS. Mid-America Apartment Communities's revenue was up 1.7% compared to the same quarter last year. On average, analysts expect that Mid-America Apartment Communities will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities's payout ratio is currently 132.73%.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently added to or reduced their stakes in MAA. Johnson Investment Counsel Inc. grew its position in Mid-America Apartment Communities by 1.1% during the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust's stock worth $996,000 after buying an additional 77 shares during the period. Telos Capital Management Inc. grew its holdings in Mid-America Apartment Communities by 0.8% in the second quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust's stock valued at $1,437,000 after purchasing an additional 78 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Mid-America Apartment Communities by 1.4% in the third quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust's stock valued at $962,000 after buying an additional 82 shares in the last quarter. First Commonwealth Financial Corp PA raised its stake in shares of Mid-America Apartment Communities by 2.1% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 4,178 shares of the real estate investment trust's stock worth $664,000 after buying an additional 86 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Mid-America Apartment Communities by 6.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,444 shares of the real estate investment trust's stock worth $229,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

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.