Mid-America Apartment Communities Inc (NYSE:MAA) Receives Consensus Recommendation of “Buy” from Analysts

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.

Large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in shares of Mid-America Apartment Communities by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 161,609 shares of the real estate investment trust’s stock worth $17,669,000 after purchasing an additional 1,270 shares during the period. FMR LLC grew its stake in shares of Mid-America Apartment Communities by 28.2% during the 1st quarter. FMR LLC now owns 1,352,227 shares of the real estate investment trust’s stock worth $147,839,000 after purchasing an additional 297,563 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth $474,000. Crawford Investment Counsel Inc. grew its stake in shares of Mid-America Apartment Communities by 1.6% during the 1st quarter. Crawford Investment Counsel Inc. now owns 103,052 shares of the real estate investment trust’s stock worth $11,267,000 after purchasing an additional 1,606 shares during the period. Finally, Duality Advisers LP acquired a new position in shares of Mid-America Apartment Communities during the 1st quarter worth $616,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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