Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives $165.31 Consensus Target Price from Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA) has been given a consensus rating of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $166.92.

A number of analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research report on Monday. Scotiabank reduced 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 report on Thursday, November 14th. 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 report on Tuesday, December 17th. Royal Bank of Canada reduced their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, 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 objective on the stock in a research report on Monday, October 21st.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently modified their holdings of MAA. Ashton Thomas Securities LLC bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $25,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $32,000. Catalyst Capital Advisors LLC acquired a new stake in Mid-America Apartment Communities during the third quarter worth about $37,000. Quarry LP bought a new position in Mid-America Apartment Communities during the third quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Mid-America Apartment Communities by 252.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 0.7 %

Shares of NYSE MAA opened at $149.29 on Friday. The business has a fifty day simple moving average of $156.67 and a 200-day simple moving average of $153.71. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.53 and a beta of 0.91. Mid-America Apartment Communities has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the previous year, the business earned $2.29 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Sell-side analysts predict that Mid-America Apartment Communities will post 8.88 EPS 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. Shareholders of record on Wednesday, January 15th will be given a $1.515 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 annualized dividend and a yield of 4.06%. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is currently 136.79%.

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.