Brokerages Set Mid-America Apartment Communities, Inc. (NYSE:MAA) Price Target at $168.90

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $168.90.

MAA has been the topic of several recent analyst reports. Raymond James lifted their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Royal Bank of Canada increased their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a report on Tuesday, December 17th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial lifted their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, March 10th.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors have recently added to or reduced their stakes in the stock. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the third quarter worth $32,000. CoreCap Advisors LLC raised its holdings in Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 112 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares during the period. Quarry LP bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $45,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth $46,000. 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 $161.19 on Friday. The firm has a fifty day moving average of $158.21 and a two-hundred day moving average of $157.43. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities has a 52 week low of $123.73 and a 52 week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. As a group, equities research analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is presently 135.27%.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.