Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) has earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $159.91.
MAA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. BNP Paribas began coverage on Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a “neutral” rating and a $169.00 target price for the company. Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, June 13th. Bank of America upgraded shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. Finally, Wedbush lifted their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research report on Monday, August 5th.
Check Out Our Latest Report on Mid-America Apartment Communities
Institutional Inflows and Outflows
Mid-America Apartment Communities Price Performance
Shares of NYSE:MAA opened at $155.15 on Friday. The company has a market cap of $18.13 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $156.47 and its 200 day moving average is $142.49. Mid-America Apartment Communities has a twelve month low of $115.56 and a twelve month high of $167.39.
Mid-America Apartment Communities Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.79%. Mid-America Apartment Communities’s payout ratio is 123.27%.
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.
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