Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Rating Reaffirmed by Mizuho

Mizuho reaffirmed their hold rating on shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in a research report sent to investors on Sunday, October 15th. They currently have a $106.00 price target on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on MAA. UBS AG cut shares of Mid-America Apartment Communities from a buy rating to a neutral rating and set a $107.00 price objective on the stock. in a research report on Thursday, July 6th. BidaskClub upgraded shares of Mid-America Apartment Communities from a hold rating to a buy rating in a research report on Friday, August 11th. ValuEngine cut shares of Mid-America Apartment Communities from a buy rating to a hold rating in a research report on Thursday, September 28th. Royal Bank Of Canada restated a buy rating and set a $112.00 price objective on shares of Mid-America Apartment Communities in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a hold rating to a buy rating and set a $111.00 target price on the stock in a research report on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $109.09.

Shares of Mid-America Apartment Communities (NYSE:MAA) opened at 99.72 on Friday. Mid-America Apartment Communities has a 1-year low of $87.59 and a 1-year high of $110.95. The company has a market cap of $11.33 billion, a P/E ratio of 46.10 and a beta of 0.37. The stock’s 50 day moving average price is $107.07 and its 200 day moving average price is $104.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.61. The company had revenue of $384.60 million during the quarter, compared to the consensus estimate of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.21%. Mid-America Apartment Communities’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period last year, the firm earned $1.47 EPS. Equities research analysts forecast that Mid-America Apartment Communities will post $1.66 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be issued a $0.87 dividend. The ex-dividend date is Thursday, October 12th. This represents a $3.48 annualized dividend and a yield of 3.49%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 156.76%.

In other news, Director David P. Stockert sold 6,872 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the transaction, the director now directly owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.25% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MAA. Bronfman E.L. Rothschild L.P. boosted its position in shares of Mid-America Apartment Communities by 32.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,542 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 382 shares during the period. Commerce Bank bought a new position in shares of Mid-America Apartment Communities in the second quarter worth approximately $223,000. BB&T Securities LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter worth approximately $237,000. MAI Capital Management bought a new position in shares of Mid-America Apartment Communities in the second quarter worth approximately $247,000. Finally, RFG Advisory Group LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter worth approximately $282,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

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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