Several analysts have recently updated their ratings and price targets for Mid-America Apartment Communities (NYSE: MAA):

  • 2/6/2019 – Mid-America Apartment Communities was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mid-America Apartment Communities, also known as MAA, reported fourth-quarter funds from operations (FFO) per share of $1.55 per share, meeting the Zacks Consensus Estimate. Results were supported by growth in the top line and average effective rent per unit. However, elevated supply levels in the company’s market negatively impacted occupancy growth. In fact, physical occupancy for the same-store portfolio remined sequentially unchanged for the Dec-end quarter. Additionally, high geographic concentration of assets and hike in interest rate remain concerns for the company. Shares of MAA have underperformed its industry, over the past three months. In addition, the trend in estimate revisions of 2019 FFO per share does not indicate a favorable outlook for the company.”
  • 1/30/2019 – Mid-America Apartment Communities had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $102.00 price target on the stock.
  • 1/30/2019 – Mid-America Apartment Communities was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Mid-America Apartment Communities, also known as MAA, has a well-balanced portfolio focused in the Sunbelt area. Additionally, favorable demographics and household formation trends are anticipated to support the company’s leasing activity. Also, encouraging job growth in its markets is expected to spur demand for its properties. Further, with an investment grade balance sheet, the company is well poised to capture investment opportunities in dynamic markets, going forward. However, elevated supply in a number of its markets is likely to impact rent growth and occupancy. Additionally, high geographic concentration of assets and hike in interest rate remain concerns for the company. Also, shares of MAA have underperformed its industry over the past three months. In addition, the trend in estimate revisions of 2019 FFO per share does not indicate a favorable outlook for the company.”
  • 1/29/2019 – Mid-America Apartment Communities was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/24/2019 – Mid-America Apartment Communities was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Mid-America Apartment Communities, also known as MAA, have underperformed its industry over the past year. In addition, the trend in estimate revisions of 2019 funds from operations (FFO) per share does not indicate a favorable outlook for the company. Notably, elevated apartment supply in a number of its markets is likely to impact rent growth and occupancy. Additionally, high geographic concentration of assets makes it vulnerable to any unfavorable developments in these areas. Further, hike in interest rate remain concerns for the company. Nonetheless, a well-balanced portfolio, favorable demographics and household formation and an investment grade balance sheet supports the company’s long-term growth.”
  • 1/23/2019 – Mid-America Apartment Communities had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 1/8/2019 – Mid-America Apartment Communities was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating.
  • 1/2/2019 – Mid-America Apartment Communities was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/20/2018 – Mid-America Apartment Communities was given a new $108.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 12/18/2018 – Mid-America Apartment Communities was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

NYSE:MAA traded up $0.77 during mid-day trading on Monday, reaching $104.60. 11,577 shares of the company’s stock were exchanged, compared to its average volume of 662,439. Mid-America Apartment Communities Inc has a one year low of $85.16 and a one year high of $104.98. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 3.20 and a beta of 0.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.17 and a current ratio of 0.12.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The business had revenue of $398.15 million for the quarter, compared to analyst estimates of $399.19 million. During the same period last year, the firm earned $1.50 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Mid-America Apartment Communities Inc will post 6.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Tuesday, January 15th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.67%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, January 14th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 63.58%.

In related news, insider H Eric Bolton, Jr. sold 262 shares of the firm’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $97.84, for a total transaction of $25,634.08. Following the transaction, the insider now directly owns 224,347 shares of the company’s stock, valued at $21,950,110.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 1,122 shares of company stock worth $108,746. 1.26% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC bought a new position in Mid-America Apartment Communities in the 4th quarter valued at about $35,000. Doyle Wealth Management bought a new position in Mid-America Apartment Communities in the 4th quarter valued at about $85,000. SRS Capital Advisors Inc. bought a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $120,000. First Hawaiian Bank bought a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $171,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $225,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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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