Mid-America Apartment Communities Inc. (NYSE:MAA) traded down 0.7% during trading on Friday . The company traded as low as $107.55 and last traded at $107.74, with a volume of 293,623 shares traded. The stock had previously closed at $108.49.

A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $108.00 to $114.00 in a research report on Friday. They noted that the move was a valuation call. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Wednesday. Jefferies Group dropped their price target on Mid-America Apartment Communities from $104.00 to $103.00 and set a “hold” rating on the stock in a research report on Wednesday, June 8th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $99.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, June 5th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $98.39.

The stock’s 50 day moving average price is $102.11 and its 200 day moving average price is $96.75. The stock has a market cap of $8.16 billion and a price-to-earnings ratio of 25.90.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm had revenue of $269.01 million for the quarter, compared to the consensus estimate of $265.26 million. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Mid-America Apartment Communities Inc. will post $5.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be given a $0.82 dividend. The ex-dividend date is Wednesday, July 13th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.04%.

Other large investors recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Mid-America Apartment Communities by 9.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 11,461 shares of the real estate investment trust’s stock worth $1,041,000 after buying an additional 1,011 shares during the period. Shell Asset Management Co. bought a new stake in Mid-America Apartment Communities during the fourth quarter worth approximately $1,136,000. Hallmark Capital Management Inc. raised its stake in Mid-America Apartment Communities by 0.4% in the fourth quarter. Hallmark Capital Management Inc. now owns 12,575 shares of the real estate investment trust’s stock worth $1,142,000 after buying an additional 55 shares during the period. Profund Advisors LLC raised its stake in Mid-America Apartment Communities by 36.7% in the fourth quarter. Profund Advisors LLC now owns 13,546 shares of the real estate investment trust’s stock worth $1,230,000 after buying an additional 3,637 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in Mid-America Apartment Communities by 2.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 14,212 shares of the real estate investment trust’s stock worth $1,305,000 after buying an additional 328 shares during the period.

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments, L.P. The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States.

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