Mid-America Apartment Communities (NYSE:MAA) Now Covered by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Mid-America Apartment Communities (NYSE:MAAGet Rating) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued a market perform rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the company. JMP Securities raised Mid-America Apartment Communities from a market perform rating to an outperform rating and set a $220.00 price target on the stock in a research report on Friday, July 29th. Barclays dropped their price target on Mid-America Apartment Communities from $215.00 to $185.00 and set an overweight rating on the stock in a research report on Thursday, November 10th. Piper Sandler dropped their price target on Mid-America Apartment Communities to $185.00 in a research report on Tuesday, November 1st. Citigroup increased their target price on Mid-America Apartment Communities to $190.00 in a research report on Tuesday, August 9th. Finally, Raymond James reaffirmed a downgrade rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $197.31.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $160.88 on Tuesday. The stock has a market cap of $18.58 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 9.50 and a beta of 0.74. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $154.61 and a 200-day moving average of $167.49. Mid-America Apartment Communities has a 52 week low of $141.13 and a 52 week high of $231.63.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.11%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Thursday, October 13th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 92.25%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CVA Family Office LLC boosted its stake in Mid-America Apartment Communities by 57.5% during the third quarter. CVA Family Office LLC now owns 315 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 115 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Mid-America Apartment Communities by 88.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 1,324 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Mid-America Apartment Communities during the third quarter valued at about $7,282,000. National Pension Service boosted its stake in Mid-America Apartment Communities by 0.6% during the third quarter. National Pension Service now owns 171,141 shares of the real estate investment trust’s stock valued at $26,291,000 after buying an additional 982 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Mid-America Apartment Communities by 0.9% during the third quarter. M&T Bank Corp now owns 14,495 shares of the real estate investment trust’s stock valued at $2,248,000 after buying an additional 127 shares in the last quarter. Institutional investors own 93.01% 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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