Analysts Set Mid-America Apartment Communities, Inc. (NYSE:MAA) PT at $169.76

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-one analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $169.76.

Several research analysts have commented on MAA shares. Robert W. Baird lifted their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Raymond James Financial lowered Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Mizuho reduced their target price on Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Truist Financial lowered their price target on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Jefferies Financial Group raised shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price objective for the company from $148.00 to $190.00 in a research note on Monday, March 10th.

Mid-America Apartment Communities Price Performance

MAA stock traded up $0.22 during midday trading on Friday, reaching $147.68. 956,591 shares of the stock were exchanged, compared to its average volume of 787,856. Mid-America Apartment Communities has a 52 week low of $137.51 and a 52 week high of $173.38. The company has a fifty day moving average price of $155.68 and a 200 day moving average price of $156.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $17.29 billion, a PE ratio of 30.77, a P/E/G ratio of 3.78 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $549.30 million during the quarter, compared to analysts' expectations of $551.21 million. Mid-America Apartment Communities had a net margin of 25.70% and a return on equity of 9.19%. The company's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 EPS. As a group, analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the transaction, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amber Fairbanks sold 173 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the sale, the executive vice president now directly owns 3,012 shares of the company's stock, valued at approximately $502,552.20. The trade was a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,313 shares of company stock valued at $1,171,707. 1.20% of the stock is owned by company insiders.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors and hedge funds have recently modified their holdings of MAA. Financial Network Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth $29,000. Larson Financial Group LLC lifted its stake in Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 91 shares in the last quarter. AlphaQuest LLC purchased a new position in Mid-America Apartment Communities during the 1st quarter worth $34,000. Ransom Advisory Ltd bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth $36,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth $38,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.