Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives $145.06 Consensus Price Target from Analysts

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $145.3750.

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their price objective on Mid-America Apartment Communities from $137.00 to $134.00 and set a “sector underperform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on Mid-America Apartment Communities in a research note on Thursday, July 16th. They set a “neutral” rating and a $147.00 target price on the stock. Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. Truist Financial lifted their target price on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, UBS Group cut their price target on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th.

Mid-America Apartment Communities Stock Up 1.0%

NYSE:MAA opened at $134.60 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock’s fifty day moving average is $135.43 and its two-hundred day moving average is $131.72. Mid-America Apartment Communities has a 52 week low of $120.30 and a 52 week high of $146.41. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 39.36 and a beta of 0.73.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $1.53 per share. The ex-dividend date was Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio is 178.95%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, Director Tamara D. Fischer purchased 1,100 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $128.55 per share, with a total value of $141,405.00. Following the transaction, the director directly owned 1,100 shares of the company’s stock, valued at approximately $141,405. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds have recently modified their holdings of MAA. Physician Wealth Advisors Inc. boosted its stake in Mid-America Apartment Communities by 65.2% in the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 75 shares during the period. Values First Advisors Inc. raised its position in shares of Mid-America Apartment Communities by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust’s stock worth $1,889,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. lifted its holdings in shares of Mid-America Apartment Communities by 9.6% in the 4th quarter. Blue Trust Inc. now owns 1,041 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 91 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Mid-America Apartment Communities by 1.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust’s stock worth $750,000 after purchasing an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Mid-America Apartment Communities by 1.5% during the 4th quarter. Larson Financial Group LLC now owns 7,008 shares of the real estate investment trust’s stock valued at $974,000 after purchasing an additional 102 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.