Mid-America Apartment Communities Inc. (NYSE:MAA) shares saw unusually-strong trading volume on Monday . Approximately 1,947,542 shares changed hands during trading, an increase of 302% from the previous session’s volume of 484,957 shares.The stock last traded at $96.42 and had previously closed at $102.15.

Several research analysts recently commented on MAA shares. Cantor Fitzgerald restated a “buy” rating and set a $99.00 target price on shares of Mid-America Apartment Communities in a report on Sunday, June 5th. Jefferies Group lowered shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $104.00 price target on the stock. in a research report on Friday, April 22nd. Zacks Investment Research raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Wednesday, April 27th. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $119.00 price target on the stock in a research report on Friday, July 15th. Finally, Citigroup Inc. upped their price target on shares of Mid-America Apartment Communities from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $101.16.

The stock has a 50 day moving average price of $105.22 and a 200 day moving average price of $99.40. The stock has a market cap of $7.34 billion and a PE ratio of 32.83.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.08. The company had revenue of $272.20 million for the quarter, compared to the consensus estimate of $272.71 million. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Analysts predict that Mid-America Apartment Communities Inc. will post $5.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Wednesday, July 13th.

Other large investors recently made changes to their positions in the company. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of 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 valued at $1,305,000 after buying an additional 328 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Mid-America Apartment Communities by 17.8% in the fourth quarter. Bank of Montreal Can now owns 107,488 shares of the real estate investment trust’s stock valued at $9,761,000 after buying an additional 16,220 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Mid-America Apartment Communities by 70.7% in the fourth quarter. Wells Fargo & Company MN now owns 141,552 shares of the real estate investment trust’s stock valued at $12,854,000 after buying an additional 58,636 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 in the last quarter.

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