Brokerages Set Mid-America Apartment Communities, Inc. (NYSE:MAA) PT at $166.00

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nineteen analysts that are currently covering the stock, MarketBeat reports. One 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 given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $166.00.

Several equities analysts recently weighed in on the company. Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Scotiabank cut their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Mizuho reduced their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Raymond James raised shares of Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price target on the stock in a report on Monday, October 21st. Finally, Royal Bank of Canada reduced their price objective on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st.

Institutional Trading of Mid-America Apartment Communities

Large investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new position in Mid-America Apartment Communities in the third quarter worth about $25,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $32,000. Catalyst Capital Advisors LLC purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $37,000. Quarry LP bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $45,000. Finally, UMB Bank n.a. increased its position in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 75 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA traded up $3.22 during midday trading on Thursday, hitting $151.78. 454,696 shares of the company's stock traded hands, compared to its average volume of 624,204. The firm has a fifty day moving average of $154.72 and a 200 day moving average of $154.72. Mid-America Apartment Communities has a 1 year low of $121.51 and a 1 year high of $167.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91.

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). The business had revenue of $551.13 million for the quarter, compared to analysts' expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. On average, analysts forecast that Mid-America Apartment Communities will post 8.89 earnings per share for the current 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 paid a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.99%. 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.