Traders 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

Several analysts have weighed in on the company. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Wednesday. BMO Capital Markets downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $108.00 to $114.00 in a research note on Friday. They noted that the move was a valuation call. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $115.00 target price (up previously from $104.00) on shares of Mid-America Apartment Communities in a research note on Wednesday, April 13th. Mizuho downgraded Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $98.00 in a research note on Monday, March 21st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $99.00 target price on shares of Mid-America Apartment Communities in a research note on Sunday, June 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $98.39.

The stock has a 50-day moving average price of $102.38 and a 200 day moving average price of $96.88. The company has a market cap of $8.16 billion and a price-to-earnings ratio of 25.90.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be paid a $0.82 dividend. 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 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 valued at $1,041,000 after buying an additional 1,011 shares in the last quarter. Shell Asset Management Co. acquired a new stake in Mid-America Apartment Communities during the fourth quarter worth approximately $1,136,000. 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. 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. Finally, Great West Life Assurance Co. Can raised its stake in Mid-America Apartment Communities by 11.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 16,740 shares of the real estate investment trust’s stock worth $1,522,000 after buying an additional 1,731 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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