Shares of Mid-America Apartment Communities Inc (NYSE:MAA) have earned an average recommendation of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $113.25.
Several research firms recently commented on MAA. BMO Capital Markets reiterated a “hold” rating and issued a $54.00 price target on shares of Apartment Investment and Management in a research report on Monday, March 25th. Janney Montgomery Scott downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a research report on Wednesday, April 3rd. They noted that the move was a valuation call. Raymond James reiterated a “buy” rating on shares of Teck Resources in a research report on Thursday, April 4th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, KeyCorp upped their price target on shares of Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th.
In other Mid-America Apartment Communities news, Director Claude B. Nielsen sold 6,500 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $109.83, for a total transaction of $713,895.00. Following the completion of the transaction, the director now owns 12,117 shares in the company, valued at approximately $1,330,810.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.
MAA stock traded down $2.39 on Tuesday, hitting $119.05. The company’s stock had a trading volume of 500,422 shares, compared to its average volume of 515,485. The firm’s 50 day simple moving average is $118.65. Mid-America Apartment Communities has a 1 year low of $91.21 and a 1 year high of $123.88. The stock has a market capitalization of $13.57 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 4.89 and a beta of 0.40. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.72.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.95). Mid-America Apartment Communities had a net margin of 14.86% and a return on equity of 3.68%. The business had revenue of $401.17 million during the quarter, compared to analysts’ expectations of $400.91 million. During the same quarter last year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts predict that Mid-America Apartment Communities will post 6.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a dividend of $0.96 per share. The ex-dividend date is Friday, July 12th. This represents a $3.84 dividend on an annualized basis and a yield of 3.23%. Mid-America Apartment Communities’s payout ratio is currently 63.58%.
Mid-America Apartment Communities Company Profile
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
Featured Story: Exchange-Traded Funds (ETFs)
Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.