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

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $161.64.

Several brokerages have commented on MAA. Royal Bank of Canada dropped their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Piper Sandler raised their price target on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Wedbush lifted their price target on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $158.09 on Friday. Mid-America Apartment Communities has a 1 year low of $120.32 and a 1 year high of $167.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a 50 day moving average price of $157.27 and a 200 day moving average price of $148.02. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 2.60 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). The company had revenue of $551.13 million for the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. Sell-side analysts predict that Mid-America Apartment Communities will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 annualized dividend and a yield of 3.72%. Mid-America Apartment Communities’s dividend payout ratio is presently 132.73%.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in Mid-America Apartment Communities in the second quarter valued at about $26,000. Activest Wealth Management bought a new stake in Mid-America Apartment Communities in the third quarter valued at about $32,000. Versant Capital Management Inc raised its stake in Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Mid-America Apartment Communities during the 3rd quarter worth approximately $37,000. 93.60% of the stock is owned by institutional investors and hedge funds.

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.