Mid-America Apartment Communities Inc (NYSE:MAA) Given Average Rating of “Buy” by Analysts

Mid-America Apartment Communities Inc (NYSE:MAA) has received a consensus rating of “Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $114.45.

MAA has been the topic of several analyst reports. SunTrust Banks increased their price objective on shares of Mid-America Apartment Communities to $120.00 and gave the company a “positive” rating in a report on Wednesday, June 19th. They noted that the move was a valuation call. Royal Bank of Canada increased their price objective on shares of Mid-America Apartment Communities from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Scotiabank lowered shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the company from $114.00 to $107.00 in a report on Tuesday, July 9th. KeyCorp increased their price objective on shares of Mid-America Apartment Communities from $112.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Mizuho upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Wednesday, May 8th.

Shares of MAA stock traded up $1.05 during trading hours on Friday, reaching $123.69. 10,800 shares of the company were exchanged, compared to its average volume of 617,720. Mid-America Apartment Communities has a fifty-two week low of $91.21 and a fifty-two week high of $125.31. The business has a fifty day moving average price of $120.47. The firm has a market cap of $14.16 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 5.09 and a beta of 0.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.13 and a current ratio of 0.13.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were issued a $0.96 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $3.84 annualized dividend and a yield of 3.10%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 63.58%.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 2,047 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $120.84, for a total value of $247,359.48. Following the sale, the director now directly owns 65,240 shares in the company, valued at $7,883,601.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nuveen Asset Management LLC grew its position in Mid-America Apartment Communities by 333.6% in the second quarter. Nuveen Asset Management LLC now owns 822,353 shares of the real estate investment trust’s stock valued at $96,841,000 after purchasing an additional 632,686 shares in the last quarter. Andra AP fonden grew its position in Mid-America Apartment Communities by 1.6% in the second quarter. Andra AP fonden now owns 65,721 shares of the real estate investment trust’s stock valued at $7,739,000 after purchasing an additional 1,021 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Mid-America Apartment Communities by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 682,531 shares of the real estate investment trust’s stock valued at $80,375,000 after purchasing an additional 8,121 shares in the last quarter. CSat Investment Advisory L.P. grew its position in Mid-America Apartment Communities by 73.2% in the second quarter. CSat Investment Advisory L.P. now owns 395 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 167 shares in the last quarter. Finally, Jefferies Group LLC bought a new position in Mid-America Apartment Communities in the second quarter valued at $447,000. Institutional investors own 92.31% of the company’s stock.

Mid-America Apartment Communities Company Profile

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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Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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