Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Consensus Rating of “Hold” by Brokerages

Mid-America Apartment Communities, Inc. (NYSE:MAA) has earned a consensus rating of “Hold” from the twenty analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $145.3750.

Several research analysts have commented on MAA shares. Weiss Ratings raised Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Morgan Stanley boosted their target price on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Piper Sandler reduced their price target on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday.

Insider Transactions at Mid-America Apartment Communities

In other news, Director Tamara D. Fischer purchased 1,100 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the purchase, the director directly owned 1,100 shares of the company’s stock, valued at approximately $141,405. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds have recently modified their holdings of MAA. Physician Wealth Advisors Inc. lifted its holdings in Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Values First Advisors Inc. increased its stake in shares of Mid-America Apartment Communities by 0.5% in the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust’s stock valued at $1,889,000 after buying an additional 82 shares during the period. Blue Trust Inc. increased its stake in shares of Mid-America Apartment Communities by 9.6% in the 4th quarter. Blue Trust Inc. now owns 1,041 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 91 shares during the period. New Mexico Educational Retirement Board raised its position in shares of Mid-America Apartment Communities by 1.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust’s stock worth $750,000 after acquiring an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Mid-America Apartment Communities by 1.5% during the fourth quarter. Larson Financial Group LLC now owns 7,008 shares of the real estate investment trust’s stock worth $974,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.0%

Mid-America Apartment Communities stock opened at $134.90 on Monday. The business’s 50-day simple moving average is $135.60 and its 200-day simple moving average is $131.68. Mid-America Apartment Communities has a 52 week low of $120.30 and a 52 week high of $146.41. The firm has a market capitalization of $15.65 billion, a PE ratio of 39.44 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a dividend of $1.53 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 178.95%.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.