Mid-America Apartment Communities, Inc. (NYSE:MAA) has received an average rating of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $108.64.

Several research analysts have recently commented on MAA shares. Barclays PLC reiterated an “overweight” rating and set a $117.00 target price (up from $116.00) on shares of Mid-America Apartment Communities in a research note on Wednesday, April 19th. BidaskClub upgraded Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and set a $115.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, July 10th. Finally, Zacks Investment Research downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Monday, July 17th.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group bought a new position in shares of Mid-America Apartment Communities during the first quarter valued at $227,000. First Manhattan Co. boosted its position in shares of Mid-America Apartment Communities by 2.4% in the first quarter. First Manhattan Co. now owns 54,660 shares of the real estate investment trust’s stock valued at $5,137,000 after buying an additional 1,300 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of Mid-America Apartment Communities by 6.2% in the first quarter. Gilman Hill Asset Management LLC now owns 5,233 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 305 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Mid-America Apartment Communities by 3.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 89 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Mid-America Apartment Communities by 114.6% in the first quarter. Nationwide Fund Advisors now owns 245,115 shares of the real estate investment trust’s stock valued at $24,938,000 after buying an additional 130,895 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Shares of Mid-America Apartment Communities (MAA) traded up 0.85% during midday trading on Tuesday, reaching $107.10. The company’s stock had a trading volume of 677,129 shares. The company has a 50-day moving average price of $103.19 and a 200-day moving average price of $101.92. Mid-America Apartment Communities has a 12 month low of $85.04 and a 12 month high of $110.95. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 49.51 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The company had revenue of $382.80 million during the quarter, compared to the consensus estimate of $382.17 million. During the same period in the previous year, the company posted $1.54 EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts expect that Mid-America Apartment Communities will post $1.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were paid a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $3.48 annualized dividend and a yield of 3.25%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 148.72%.

Mid-America Apartment Communities Company Profile

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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