Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Consensus Recommendation of “Hold” by Brokerages

Mid-America Apartment Communities, Inc. (NYSE:MAA) has been given an average rating of “Hold” by the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $159.91.

MAA has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price target for the company. JMP Securities increased their price objective on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. Finally, Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, June 13th.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently added to or reduced their stakes in MAA. Wellington Management Group LLP grew its position in shares of Mid-America Apartment Communities by 323.8% in the 4th quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock valued at $5,430,000 after acquiring an additional 30,855 shares during the period. Perpetual Ltd bought a new position in Mid-America Apartment Communities during the first quarter worth about $15,413,000. Miller Howard Investments Inc. NY raised its stake in Mid-America Apartment Communities by 9.9% in the first quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock valued at $25,984,000 after buying an additional 17,765 shares during the period. Tower Research Capital LLC TRC raised its stake in Mid-America Apartment Communities by 159.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock valued at $3,531,000 after buying an additional 16,144 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Mid-America Apartment Communities by 172.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 16,154 shares of the real estate investment trust’s stock valued at $2,126,000 after buying an additional 10,227 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $157.81 on Friday. The stock’s fifty day simple moving average is $155.92 and its 200 day simple moving average is $142.19. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $18.44 billion, a PE ratio of 33.08, a PEG ratio of 2.63 and a beta of 0.88. Mid-America Apartment Communities has a 12 month low of $115.56 and a 12 month high of $167.39.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.73%. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

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.