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.

Large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Mid-America Apartment Communities by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 161,609 shares of the real estate investment trust’s stock worth $17,669,000 after buying an additional 1,270 shares in the last quarter. FMR LLC raised its stake in Mid-America Apartment Communities by 28.2% during the first quarter. FMR LLC now owns 1,352,227 shares of the real estate investment trust’s stock worth $147,839,000 after purchasing an additional 297,563 shares during the period. Kentucky Retirement Systems purchased a new position in Mid-America Apartment Communities during the fourth quarter worth about $474,000. Crawford Investment Counsel Inc. increased its position in shares of Mid-America Apartment Communities by 1.6% during the first quarter. Crawford Investment Counsel Inc. now owns 103,052 shares of the real estate investment trust’s stock valued at $11,267,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of Mid-America Apartment Communities during the first quarter valued at about $616,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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

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