Mid-America Apartment Communities (NYSE:MAA) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Mid-America Apartment Communities (NYSE:MAA - Free Report) from a hold rating to a sell rating in a report published on Monday morning.

A number of other research analysts also recently weighed in on MAA. Mizuho dropped their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $173.00 to $182.00 in a report on Friday, February 14th. JMP Securities reissued a "market outperform" rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, February 11th. KeyCorp upgraded shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price objective on the stock in a report on Tuesday, December 17th. Finally, Barclays reduced their price objective on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.76.

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Mid-America Apartment Communities Trading Down 0.6 %

MAA stock traded down $1.00 during mid-day trading on Monday, reaching $153.89. The company's stock had a trading volume of 1,642,303 shares, compared to its average volume of 739,596. Mid-America Apartment Communities has a 12 month low of $123.73 and a 12 month high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The business's 50 day moving average price is $161.29 and its 200 day moving average price is $157.09. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, equities research analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.94%. Mid-America Apartment Communities's payout ratio is 135.27%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the sale, the chief executive officer now owns 319,813 shares of the company's stock, valued at $47,949,563.09. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 7,140 shares of company stock valued at $1,142,842. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Metis Global Partners LLC grew its position in shares of Mid-America Apartment Communities by 9.5% in the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock valued at $2,670,000 after purchasing an additional 1,499 shares in the last quarter. Paradigm Asset Management Co. LLC grew its holdings in Mid-America Apartment Communities by 1,582.9% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock valued at $1,035,000 after buying an additional 6,300 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of Mid-America Apartment Communities by 27.1% during the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust's stock valued at $9,040,000 after buying an additional 12,454 shares during the period. Principal Financial Group Inc. boosted its position in shares of Mid-America Apartment Communities by 31.6% in the fourth quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock valued at $29,280,000 after acquiring an additional 45,519 shares during the period. Finally, Vert Asset Management LLC grew its stake in Mid-America Apartment Communities by 9.6% during the fourth quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust's stock valued at $7,941,000 after acquiring an additional 4,499 shares in the last quarter. Institutional investors own 93.60% of the company's stock.

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.