Stifel Nicolaus upgraded shares of Mid-America Apartment Communities (NYSE:MAA) from a hold rating to a buy rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have $100.00 target price on the real estate investment trust’s stock. The analysts noted that the move was a valuation call.

Other research analysts have also issued reports about the stock. Royal Bank of Canada restated a buy rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Mizuho restated a hold rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research note on Monday, November 6th. ValuEngine lowered shares of Mid-America Apartment Communities from a buy rating to a hold rating in a research note on Thursday, September 28th. SunTrust Banks restated a buy rating and set a $109.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Finally, JMP Securities lowered shares of Mid-America Apartment Communities from an outperform rating to a market perform rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Mid-America Apartment Communities has a consensus rating of Buy and a consensus target price of $110.50.

Shares of Mid-America Apartment Communities (MAA) traded up $0.98 during mid-day trading on Friday, reaching $92.52. 711,700 shares of the company’s stock traded hands, compared to its average volume of 772,962. Mid-America Apartment Communities has a 12-month low of $90.88 and a 12-month high of $110.95. The firm has a market cap of $10,512.77, a price-to-earnings ratio of 41.68, a P/E/G ratio of 2.14 and a beta of 0.34.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.61. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The firm had revenue of $384.60 million for the quarter, compared to analyst estimates of $386.96 million. During the same period in the previous year, the business earned $1.47 EPS. The company’s revenue was up 38.9% compared to the same quarter last year. equities research analysts predict that Mid-America Apartment Communities will post 5.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be paid a dividend of $0.9225 per share. The ex-dividend date is Thursday, January 11th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. This represents a $3.69 annualized dividend and a dividend yield of 3.99%. Mid-America Apartment Communities’s payout ratio is currently 166.22%.

In related news, Director William Reid Sanders bought 7,000 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $100.11 per share, with a total value of $700,770.00. Following the acquisition, the director now owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 7,116 shares of company stock valued at $710,687 in the last ninety days. 1.25% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Group One Trading L.P. bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $209,000. IFM Investors Pty Ltd bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $217,000. Timber Hill LLC bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $218,000. Independent Advisor Alliance bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $227,000. Finally, Parametrica Management Ltd bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $236,000. 92.63% of the stock is owned by institutional investors and hedge funds.

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About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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