Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives $160.75 Average Target Price from Analysts

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $160.75.

MAA has been the topic of a number of recent analyst reports. Wedbush upped their target price 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. BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective for the company. UBS Group boosted their target price on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. 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. Finally, Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a report on Monday.

Institutional Investors Weigh In On Mid-America Apartment Communities

Institutional investors have recently modified their holdings of the company. DecisionPoint Financial LLC purchased a new position in Mid-America Apartment Communities in the first quarter valued at approximately $26,000. EdgeRock Capital LLC acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $26,000. Mather Group LLC. purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at $32,000. Versant Capital Management Inc raised its stake in Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Mid-America Apartment Communities by 82.4% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $156.05 on Tuesday. The firm has a market cap of $18.23 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities has a 52 week low of $115.56 and a 52 week high of $167.39. The business’s fifty day simple moving average is $158.33 and its 200-day simple moving average is $145.08.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

About Mid-America Apartment Communities

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.