Mid-America Apartment Communities (NYSE:MAA) Research Coverage Started at Barclays

Barclays initiated coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a research report report published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $166.00 target price on the real estate investment trust’s stock.

MAA has been the topic of a number of other reports. Scotiabank decreased their target price on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. BNP Paribas assumed coverage on Mid-America Apartment Communities in a report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $163.76.

Mid-America Apartment Communities Trading Down 1.0 %

Mid-America Apartment Communities stock opened at $149.43 on Tuesday. Mid-America Apartment Communities has a 52 week low of $121.51 and a 52 week high of $167.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $17.47 billion, a PE ratio of 33.73, a PEG ratio of 2.55 and a beta of 0.90. The business’s 50-day simple moving average is $156.94 and its 200-day simple moving average is $152.23.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). The business had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. Equities research analysts forecast that Mid-America Apartment Communities will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $1.515 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.06%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s payout ratio is currently 136.79%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Mid-America Apartment Communities by 516.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after acquiring an additional 899,960 shares during the last quarter. Duquesne Family Office LLC acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at approximately $91,868,000. Long Pond Capital LP increased its holdings in shares of Mid-America Apartment Communities by 550.9% in the second quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock valued at $92,270,000 after purchasing an additional 547,607 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Mid-America Apartment Communities by 17.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock worth $375,515,000 after purchasing an additional 393,067 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in Mid-America Apartment Communities by 107.1% during the 2nd quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust’s stock worth $94,424,000 after buying an additional 342,335 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.