Brokerages Set Mid-America Apartment Communities, Inc. (NYSE:MAA) Price Target at $159.91

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have earned a consensus rating of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $159.91.

A number of brokerages have recently weighed in on MAA. Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, June 13th. The Goldman Sachs Group began coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock. Bank of America upgraded Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their target price for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. UBS Group increased their target price on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada increased their target price on Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds have recently modified their holdings of the company. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $26,000. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $26,000. Mather Group LLC. acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $32,000. Versant Capital Management Inc boosted its holdings in shares of 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 valued at $32,000 after acquiring an additional 215 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Mid-America Apartment Communities by 82.4% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

MAA opened at $157.77 on Friday. Mid-America Apartment Communities has a 12-month low of $115.56 and a 12-month high of $167.39. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.63 and a beta of 0.88. The business has a 50 day moving average of $155.64 and a 200-day moving average of $141.99. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date 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.