Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives Consensus Recommendation of “Hold” from Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA) 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MAA. Massachusetts Financial Services Co. MA increased its holdings in shares of Mid-America Apartment Communities by 17.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after purchasing an additional 393,067 shares during the last quarter. Blackstone Inc. boosted its stake in Mid-America Apartment Communities by 1.0% during the fourth quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock worth $277,507,000 after buying an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Mid-America Apartment Communities by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock valued at $244,803,000 after buying an additional 97,672 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Mid-America Apartment Communities by 2.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock worth $234,497,000 after acquiring an additional 44,621 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Mid-America Apartment Communities by 1.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock worth $190,086,000 after acquiring an additional 21,000 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

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.