Brokerages Set Mid-America Apartment Communities Inc (MAA) Target Price at $101.89

Mid-America Apartment Communities Inc (NYSE:MAA) has received a consensus rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $101.89.

Several research analysts have commented on MAA shares. Capital One Financial started coverage on shares of Mid-America Apartment Communities in a report on Monday, October 22nd. They set an “equal weight” rating and a $101.50 price target for the company. Barclays reiterated a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a report on Sunday, October 14th. Robert W. Baird reiterated a “buy” rating and set a $105.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, August 16th. Citigroup set a $105.00 price target on shares of Mid-America Apartment Communities and gave the stock a “hold” rating in a report on Monday, November 5th. Finally, Scotiabank started coverage on shares of Mid-America Apartment Communities in a report on Tuesday, October 16th. They set a “sector perform” rating for the company.

Several large investors have recently modified their holdings of MAA. BlackRock Inc. raised its position in Mid-America Apartment Communities by 0.9% in the 3rd quarter. BlackRock Inc. now owns 11,121,144 shares of the real estate investment trust’s stock valued at $1,114,119,000 after purchasing an additional 95,675 shares during the last quarter. OppenheimerFunds Inc. raised its position in Mid-America Apartment Communities by 3.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,524,935 shares of the real estate investment trust’s stock valued at $254,185,000 after purchasing an additional 73,200 shares during the last quarter. Deutsche Bank AG raised its position in Mid-America Apartment Communities by 17.8% in the 3rd quarter. Deutsche Bank AG now owns 2,376,730 shares of the real estate investment trust’s stock valued at $238,097,000 after purchasing an additional 358,406 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Mid-America Apartment Communities by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,764,302 shares of the real estate investment trust’s stock valued at $177,615,000 after purchasing an additional 21,184 shares during the last quarter. Finally, Cbre Clarion Securities LLC raised its position in Mid-America Apartment Communities by 490.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 1,670,247 shares of the real estate investment trust’s stock valued at $168,144,000 after purchasing an additional 1,387,389 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

NYSE MAA opened at $101.84 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.70. Mid-America Apartment Communities has a 52 week low of $85.16 and a 52 week high of $104.98. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.44 and a beta of 0.31.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $1.50 by ($1.04). Mid-America Apartment Communities had a return on equity of 4.36% and a net margin of 18.20%. The firm had revenue of $397.10 million for the quarter, compared to analyst estimates of $393.76 million. During the same quarter last year, the firm earned $1.50 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts expect that Mid-America Apartment Communities will post 6.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Tuesday, January 15th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Monday, January 14th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. Mid-America Apartment Communities’s payout ratio is currently 62.12%.

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.

See Also: Preferred Stock

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

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