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. As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.
Analyst Ratings Changes
Several research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Mid-America Apartment Communities from $200.00 to $195.00 and set an "overweight" rating for the company in a research report on Wednesday, July 20th. JMP Securities upgraded shares of Mid-America Apartment Communities from a "market perform" rating to an "outperform" rating and set a $220.00 price objective for the company in a report on Friday, July 29th. BTIG Research assumed coverage on shares of Mid-America Apartment Communities in a report on Monday, May 9th. They issued a "buy" rating and a $225.00 price objective for the company. Barclays decreased their price objective on shares of Mid-America Apartment Communities from $238.00 to $211.00 in a report on Tuesday, May 10th. Finally, Truist Financial decreased their price objective on shares of Mid-America Apartment Communities from $205.00 to $188.00 and set a "buy" rating for the company in a report on Friday, June 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $206.93.
Mid-America Apartment Communities Stock Down 0.8 %
MAA Stock traded down $1.54 during midday trading on Friday, reaching $184.15. The company had a trading volume of 2,279 shares, compared to its average volume of 544,566. Mid-America Apartment Communities has a 1 year low of $158.85 and a 1 year high of $231.63. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $21.26 billion, a P/E ratio of 36.41, a PEG ratio of 11.40 and a beta of 0.73. The company has a 50 day moving average of $173.91 and a two-hundred day moving average of $190.56.
Mid-America Apartment Communities (NYSE:MAA - Get Rating) last released its earnings results on Wednesday, July 27th. The real estate investment trust reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.18). Mid-America Apartment Communities had a return on equity of 10.01% and a net margin of 31.30%. The company had revenue of $495.04 million during the quarter, compared to analysts' expectations of $488.64 million. During the same quarter in the previous year, the company earned $1.69 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Mid-America Apartment Communities will post 8.28 earnings per share for the current fiscal year.
Mid-America Apartment Communities Announces Dividend
The firm also recently declared a dividend, which was paid on Monday, July 25th. Stockholders of record on Friday, July 15th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a dividend yield of 2.85%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 98.04%.
Insider Transactions at Mid-America Apartment Communities
In other news, EVP Melanie Carpenter sold 1,355 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $186.27, for a total transaction of $252,395.85. Following the transaction, the executive vice president now owns 17,953 shares in the company, valued at approximately $3,344,105.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.34% of the stock is currently owned by company insiders.