Analysts Set Mid-America Apartment Communities, Inc. (NYSE:MAA) Price Target at $211.45

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAAGet Rating) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $211.45.

A number of brokerages have issued reports on MAA. Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 16th. JPMorgan Chase & Co. increased their price objective on shares of Mid-America Apartment Communities from $210.00 to $238.00 in a research note on Tuesday, January 18th. Truist Financial reduced their price objective on shares of Mid-America Apartment Communities from $231.00 to $220.00 in a research note on Thursday, March 3rd. BTIG Research increased their price objective on shares of Mid-America Apartment Communities from $218.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 13th. Finally, StockNews.com began coverage on shares of Mid-America Apartment Communities in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of NYSE:MAA traded down $6.73 during trading on Monday, hitting $207.60. 23,619 shares of the company’s stock traded hands, compared to its average volume of 673,260. Mid-America Apartment Communities has a 52 week low of $146.08 and a 52 week high of $231.63. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 44.90, a price-to-earnings-growth ratio of 13.37 and a beta of 0.74. The company has a 50-day moving average price of $209.04 and a 200-day moving average price of $207.76.

Mid-America Apartment Communities (NYSE:MAAGet Rating) last released its earnings results on Wednesday, February 2nd. The real estate investment trust reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.27). Mid-America Apartment Communities had a net margin of 30.02% and a return on equity of 8.76%. The firm had revenue of $463.58 million during the quarter, compared to the consensus estimate of $461.39 million. During the same quarter in the previous year, the firm posted $1.65 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Mid-America Apartment Communities will post 8.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, April 14th will be issued a $1.0875 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $4.35 dividend on an annualized basis and a yield of 2.10%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 94.36%.

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,335 shares of the firm’s stock in a transaction that occurred on Tuesday, January 11th. The shares were sold at an average price of $214.49, for a total transaction of $929,814.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Monica Houle Mcgurk sold 3,670 shares of the firm’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $215.39, for a total transaction of $790,481.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,655 shares of company stock valued at $3,809,124. 1.39% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Mid-America Apartment Communities by 18.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 140,458 shares of the real estate investment trust’s stock worth $15,357,000 after acquiring an additional 21,688 shares during the last quarter. Morgan Stanley raised its holdings in shares of Mid-America Apartment Communities by 162.0% in the 2nd quarter. Morgan Stanley now owns 430,122 shares of the real estate investment trust’s stock worth $72,441,000 after acquiring an additional 265,978 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Mid-America Apartment Communities by 13.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 49,811 shares of the real estate investment trust’s stock worth $9,467,000 after acquiring an additional 5,951 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Mid-America Apartment Communities by 14.2% in the 3rd quarter. Spire Wealth Management now owns 1,607 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 200 shares during the last quarter. Finally, Calamos Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 9.7% in the 3rd quarter. Calamos Advisors LLC now owns 70,353 shares of the real estate investment trust’s stock worth $13,138,000 after acquiring an additional 6,208 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

About Mid-America Apartment Communities (Get Rating)

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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