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

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $144.18.

Several analysts recently issued reports on MAA shares. Piper Sandler reissued a “neutral” rating and issued a $140.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Truist Financial reduced their target price on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Morgan Stanley lifted their price target on Mid-America Apartment Communities from $128.00 to $129.50 and gave the company an “equal weight” rating in a report on Monday, February 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $149.00 price objective on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Finally, Mizuho cut their target price on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $136.88 on Tuesday. The firm has a market cap of $15.99 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.41 and a beta of 0.80. Mid-America Apartment Communities has a 1 year low of $115.56 and a 1 year high of $158.46. The firm’s 50-day simple moving average is $129.72 and its 200-day simple moving average is $128.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.12 and a current ratio of 0.12.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($1.01). Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The firm had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.44 million. During the same quarter last year, the business earned $2.28 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts forecast that Mid-America Apartment Communities will post 8.91 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a $1.47 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $5.88 annualized dividend and a dividend yield of 4.30%. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

Insider Activity

In other news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the sale, the chief executive officer now directly owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 2,807 shares of company stock worth $353,955. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently bought and sold shares of MAA. Raleigh Capital Management Inc. boosted its holdings in shares of Mid-America Apartment Communities by 22.2% during the third quarter. Raleigh Capital Management Inc. now owns 463 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 84 shares during the period. First Financial Corp IN boosted its position in shares of Mid-America Apartment Communities by 40.8% in the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 86 shares during the period. Blue Trust Inc. increased its holdings in shares of Mid-America Apartment Communities by 22.8% during the 4th quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 95 shares during the period. Oakworth Capital Inc. lifted its position in shares of Mid-America Apartment Communities by 0.6% in the 4th quarter. Oakworth Capital Inc. now owns 15,212 shares of the real estate investment trust’s stock worth $2,045,000 after acquiring an additional 98 shares during the period. Finally, Czech National Bank boosted its stake in Mid-America Apartment Communities by 0.5% during the first quarter. Czech National Bank now owns 20,536 shares of the real estate investment trust’s stock worth $2,702,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

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.