Investors bought shares of Mid-America Apartment Communities Inc. (NYSE:MAA) on weakness during trading hours on Friday. $23.36 million flowed into the stock on the tick-up and $15.40 million flowed out of the stock on the tick-down, for a money net flow of $7.96 million into the stock. Of all stocks tracked, Mid-America Apartment Communities had the 7th highest net in-flow for the day. Mid-America Apartment Communities traded down ($0.48) for the day and closed at $108.01

A number of equities analysts have weighed in on MAA shares. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Wednesday, April 27th. Jefferies Group reduced their price objective on shares of Mid-America Apartment Communities from $104.00 to $103.00 and set a “hold” rating for the company in a research report on Wednesday, June 8th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, May 5th. BMO Capital Markets cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $108.00 to $114.00 in a research report on Friday. They noted that the move was a valuation call. Finally, DA Davidson cut shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $97.00 price objective for the company. in a research report on Friday, March 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $98.39.

The firm has a 50-day moving average of $102.38 and a 200 day moving average of $96.88. The company has a market capitalization of $8.16 billion and a P/E ratio of 25.90.

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

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

Other large investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Mid-America Apartment Communities by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,840 shares of the real estate investment trust’s stock valued at $86,075,000 after buying an additional 25,439 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of 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 valued at $1,041,000 after buying an additional 1,011 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Mid-America Apartment Communities by 5.0% in the fourth quarter. Advisors Asset Management Inc. now owns 84,517 shares of the real estate investment trust’s stock valued at $7,675,000 after buying an additional 4,041 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Mid-America Apartment Communities by 50.4% in the fourth quarter. Schroder Investment Management Group now owns 650,090 shares of the real estate investment trust’s stock valued at $59,035,000 after buying an additional 217,861 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Mid-America Apartment Communities by 12.4% in the fourth quarter. Principal Financial Group Inc. now owns 620,448 shares of the real estate investment trust’s stock valued at $56,343,000 after buying an additional 68,433 shares during the last quarter.

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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