Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives Consensus Rating of “Hold” from Brokerages

Mid-America Apartment Communities, Inc. (NYSE:MAA) has earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $143.06.

MAA has been the topic of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and set a $140.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Truist Financial cut their target price on Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. The Goldman Sachs Group restated a “buy” rating and issued a $149.00 price target on shares of Mid-America Apartment Communities in a research note on Thursday, February 22nd. Mizuho cut their price objective on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Wedbush reissued a “neutral” rating and issued a $135.00 target price on shares of Mid-America Apartment Communities in a report on Monday.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the sale, the chief executive officer now owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 2,807 shares of company stock valued at $353,955 over the last three months. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First United Bank & Trust purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth about $27,000. Mather Group LLC. purchased a new stake in Mid-America Apartment Communities in the 1st quarter worth approximately $32,000. Cullen Frost Bankers Inc. purchased a new stake in Mid-America Apartment Communities in the 3rd quarter worth approximately $35,000. First Financial Corp IN raised its holdings in Mid-America Apartment Communities by 40.8% in the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 86 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of Mid-America Apartment Communities during the 4th quarter worth $40,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $131.13 on Tuesday. Mid-America Apartment Communities has a 52-week low of $115.56 and a 52-week high of $158.46. The stock’s 50-day moving average price is $129.06 and its 200 day moving average price is $128.52. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $15.31 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.93). The firm had revenue of $542.25 million during the quarter, compared to analysts’ expectations of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $2.32 earnings per share. As a group, equities research analysts forecast that Mid-America Apartment Communities will post 8.92 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.84%.

Mid-America Apartment Communities Company Profile

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.