Brokerages Set Mid-America Apartment Communities, Inc. (NYSE:MAA) PT at $165.31

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $165.31.

MAA has been the subject of a number of analyst reports. Scotiabank lowered their target price on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Raymond James raised Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective for the company in a research note on Monday, October 21st. KeyCorp raised Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price on the stock in a research note on Tuesday, December 17th. Barclays assumed coverage on Mid-America Apartment Communities in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $166.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th.

Institutional Trading of Mid-America Apartment Communities

Institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at approximately $25,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $37,000. Quarry LP bought a new stake in shares of Mid-America Apartment Communities in the third quarter worth $45,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Mid-America Apartment Communities by 252.3% during the second quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 280 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Up 1.7 %

Shares of MAA traded up $2.59 during trading hours on Friday, hitting $155.06. 550,792 shares of the stock traded hands, compared to its average volume of 527,996. The business has a fifty day moving average of $156.92 and a 200-day moving average of $153.66. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $18.12 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. Mid-America Apartment Communities has a 1-year low of $121.51 and a 1-year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (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 business had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the previous year, the company posted $2.29 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Mid-America Apartment Communities will post 8.88 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $1.515 dividend. The ex-dividend date is Wednesday, January 15th. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 3.91%. Mid-America Apartment Communities's dividend payout ratio 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.