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

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $168.90.

MAA has been the topic of several analyst reports. Evercore ISI lifted their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Mizuho cut their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $173.00 to $182.00 in a report on Friday, February 14th. Finally, Royal Bank of Canada upped their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th.

Mid-America Apartment Communities Stock Performance

MAA opened at $163.19 on Friday. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 3.72 and a beta of 0.90. The company’s fifty day moving average price is $158.72 and its two-hundred day moving average price is $157.48. Mid-America Apartment Communities has a 1-year low of $123.73 and a 1-year high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.71%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC grew its stake in Mid-America Apartment Communities by 0.9% in the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 68 shares in the last quarter. IFP Advisors Inc grew its position in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Mid-America Apartment Communities by 0.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 69 shares during the period. Huntington National Bank lifted its holdings in Mid-America Apartment Communities by 6.4% during the 4th quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 70 shares in the last quarter. Finally, Chesley Taft & Associates LLC boosted its stake in Mid-America Apartment Communities by 1.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 75 shares during the period. Institutional investors own 93.60% of the company’s stock.

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.