Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives $143.06 Average PT from Analysts

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have received an average rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $143.06.

Several research analysts have weighed in on MAA shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $149.00 target price on shares of Mid-America Apartment Communities in a research note on Thursday, February 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $136.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, February 9th. Mizuho cut their price objective on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Finally, Truist Financial dropped their price target on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th.

Mid-America Apartment Communities Stock Up 1.0 %

Shares of NYSE:MAA opened at $133.00 on Tuesday. Mid-America Apartment Communities has a 1-year low of $115.56 and a 1-year high of $158.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.12 and a quick ratio of 0.09. The stock has a market cap of $15.53 billion, a P/E ratio of 27.88, a P/E/G ratio of 3.38 and a beta of 0.80. The firm has a fifty day moving average price of $129.46 and a 200 day moving average price of $128.51.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business had revenue of $543.60 million during the quarter, compared to analysts’ expectations of $541.44 million. During the same period in the previous year, the company posted $2.28 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts predict that Mid-America Apartment Communities will post 8.91 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $5.88 annualized dividend and a yield of 4.42%. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Insiders Place Their Bets

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the sale, the chief executive officer now directly owns 317,737 shares in the company, valued at approximately $40,057,103.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 2,807 shares of company stock worth $353,955. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. First United Bank & Trust purchased a new stake in Mid-America Apartment Communities during the 4th quarter worth about $27,000. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth about $26,000. Mather Group LLC. purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $32,000. Cullen Frost Bankers Inc. acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $35,000. Finally, CVA Family Office LLC acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $40,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

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.