Mid-America Apartment Communities (MAA) Receives New Coverage from Analysts at Capital One Financial

Capital One Financial started coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $101.50 target price on the real estate investment trust’s stock.

Several other research firms also recently issued reports on MAA. Stifel Nicolaus downgraded shares of Mid-America Apartment Communities from a buy rating to a hold rating and set a $100.00 price objective on the stock. in a report on Thursday, August 2nd. Barclays restated a buy rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, October 14th. Robert W. Baird restated a buy rating and set a $105.00 price objective on shares of Mid-America Apartment Communities in a report on Thursday, August 16th. Scotiabank began coverage on shares of Mid-America Apartment Communities in a report on Tuesday, October 16th. They set a sector perform rating on the stock. Finally, SunTrust Banks boosted their price objective on shares of Mid-America Apartment Communities to $102.00 and gave the stock a buy rating in a report on Wednesday, June 27th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $103.05.

Shares of MAA opened at $97.00 on Monday. The firm has a market capitalization of $11.31 billion, a P/E ratio of 16.33, a PEG ratio of 2.35 and a beta of 0.28. Mid-America Apartment Communities has a one year low of $85.16 and a one year high of $106.77. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.70.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $1.48 by ($1.00). The firm had revenue of $390.10 million during the quarter, compared to the consensus estimate of $389.62 million. Mid-America Apartment Communities had a return on equity of 5.28% and a net margin of 22.36%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 EPS. On average, research analysts expect that Mid-America Apartment Communities will post 6.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th will be issued a dividend of $0.9225 per share. The ex-dividend date of this dividend is Friday, October 12th. This represents a $3.69 annualized dividend and a dividend yield of 3.80%. Mid-America Apartment Communities’s payout ratio is 62.12%.

In other news, Director Russell R. French sold 4,993 shares of Mid-America Apartment Communities stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $100.69, for a total transaction of $502,745.17. Following the sale, the director now directly owns 17,770 shares in the company, valued at approximately $1,789,261.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Stockert sold 1,617 shares of Mid-America Apartment Communities stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $101.59, for a total transaction of $164,271.03. Following the sale, the director now owns 75,563 shares in the company, valued at $7,676,445.17. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $134,000. First Hawaiian Bank acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $171,000. Bridgeworth LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $180,000. Chickasaw Capital Management LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $201,000. Finally, BB&T Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 93.07% of the company’s stock.

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 throughout the United States. As of June 30, 2018, MAA had ownership interest in 101,362 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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