Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $159.00 at Mizuho

Mid-America Apartment Communities (NYSE:MAA - Free Report) had its price objective decreased by Mizuho from $163.00 to $159.00 in a research note released on Monday,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust's stock.

MAA has been the subject of several other reports. Scotiabank decreased their price objective 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. StockNews.com cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Tuesday, November 5th. Barclays initiated coverage on Mid-America Apartment Communities in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $166.00 price objective on the stock. Royal Bank of Canada decreased their target price on 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. Finally, BNP Paribas assumed coverage on 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $166.92.

Mid-America Apartment Communities Stock Down 3.6 %

Mid-America Apartment Communities stock traded down $5.57 during mid-day trading on Monday, hitting $149.49. 617,976 shares of the company's stock were exchanged, compared to its average volume of 557,958. Mid-America Apartment Communities has a 1-year low of $121.51 and a 1-year high of $167.39. The stock has a 50 day moving average of $156.83 and a two-hundred day moving average of $153.73. The stock has a market cap of $17.47 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.53 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) 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 company had revenue of $551.13 million for 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%. The business's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 EPS. As a group, analysts anticipate 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. Shareholders of record on Wednesday, January 15th will be paid a dividend of $1.515 per share. This is a boost 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 dividend on an annualized basis and a yield of 4.05%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 136.79%.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several large investors have recently modified their holdings of MAA. Johnson Investment Counsel Inc. boosted its stake in Mid-America Apartment Communities by 1.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust's stock valued at $996,000 after buying an additional 77 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Mid-America Apartment Communities by 1.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,057 shares of the real estate investment trust's stock valued at $962,000 after purchasing an additional 82 shares in the last quarter. First Commonwealth Financial Corp PA grew its holdings in shares of Mid-America Apartment Communities by 2.1% in 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 purchasing an additional 86 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of Mid-America Apartment Communities by 6.4% during 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 purchasing an additional 87 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its holdings in Mid-America Apartment Communities by 4.2% during the 3rd quarter. Financial Advocates Investment Management now owns 2,308 shares of the real estate investment trust's stock valued at $367,000 after purchasing an additional 93 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

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.