Mid-America Apartment Communities Inc (NYSE:MAA) Given Average Rating of “Buy” by Brokerages
Shares of Mid-America Apartment Communities Inc (NYSE:MAA) have earned an average recommendation of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $113.25.
Several analysts recently commented on MAA shares. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Scotiabank lowered shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and dropped their target price for the company from $114.00 to $107.00 in a research report on Tuesday, July 9th. Raymond James reiterated a “buy” rating on shares of Teck Resources in a research report on Thursday, April 4th. Zacks Investment Research lowered shares of Hanger from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Finally, Royal Bank of Canada set a €475.00 ($552.33) target price on shares of Rational and gave the company a “sell” rating in a research report on Monday, May 20th.
In other news, Director Claude B. Nielsen sold 6,500 shares of Mid-America Apartment Communities stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $109.83, for a total value of $713,895.00. Following the sale, the director now owns 12,117 shares in the company, valued at $1,330,810.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
Shares of NYSE:MAA traded down $2.39 during midday trading on Tuesday, reaching $119.05. The company’s stock had a trading volume of 500,422 shares, compared to its average volume of 515,485. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 4.89 and a beta of 0.40. Mid-America Apartment Communities has a twelve month low of $91.21 and a twelve month high of $123.88. The firm has a fifty day moving average price of $118.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.14 and a quick ratio of 0.14.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.95). The business had revenue of $401.17 million during the quarter, compared to analyst estimates of $400.91 million. Mid-America Apartment Communities had a return on equity of 3.68% and a net margin of 14.86%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Equities analysts predict that Mid-America Apartment Communities will post 6.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a $0.96 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 63.58%.
About Mid-America Apartment Communities
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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