Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $155.00 at BMO Capital Markets

Mid-America Apartment Communities (NYSE:MAA) had its price target decreased by BMO Capital Markets from $157.00 to $155.00 in a research note released on Tuesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on the company. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research report on Tuesday, December 17th. Barclays started coverage on Mid-America Apartment Communities in a report on Tuesday, December 17th. They set an “equal weight” rating and a $166.00 target price on the stock. StockNews.com cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research report on Monday, October 21st. Finally, Royal Bank of Canada reduced their target price on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $166.29.

Mid-America Apartment Communities Trading Down 0.0 %

Shares of MAA opened at $150.48 on Tuesday. The company has a market capitalization of $17.59 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The stock has a fifty day moving average of $155.82 and a two-hundred day moving average of $154.43.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. As a group, analysts forecast that Mid-America Apartment Communities will post 8.89 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $1.515 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.03%. Mid-America Apartment Communities’s dividend payout ratio is presently 136.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MAA. Ashton Thomas Securities LLC purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $25,000. Activest Wealth Management acquired a new position in Mid-America Apartment Communities in the third quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in Mid-America Apartment Communities in the third quarter worth approximately $37,000. Quarry LP bought a new position in Mid-America Apartment Communities during the third quarter valued at approximately $45,000. Finally, UMB Bank n.a. lifted its stake in Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

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.