Mid-America Apartment Communities (NYSE:MAA) PT Raised to $125.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective hoisted by KeyCorp from $112.00 to $125.00 in a report published on Wednesday morning, The Fly reports. They currently have an overweight rating on the real estate investment trust’s stock. KeyCorp also issued estimates for Mid-America Apartment Communities’ FY2019 earnings at $6.27 EPS and FY2020 earnings at $6.49 EPS.

Several other research firms have also commented on MAA. Zacks Investment Research lowered shares of Hanger from a hold rating to a sell rating in a report on Tuesday, May 28th. Mizuho set a $27.00 price target on shares of Horizon Therapeutics and gave the company a hold rating in a report on Wednesday, May 8th. Royal Bank of Canada set a €475.00 ($552.33) price target on shares of Rational and gave the company a sell rating in a report on Monday, May 20th. BMO Capital Markets restated a hold rating and issued a $54.00 price target on shares of Apartment Investment and Management in a report on Monday, March 25th. Finally, ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $112.18.

NYSE:MAA opened at $120.70 on Wednesday. Mid-America Apartment Communities has a one year low of $91.21 and a one year high of $123.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 5.01 and a beta of 0.40. The firm has a 50-day simple moving average of $117.77.



Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.95). Mid-America Apartment Communities had a net margin of 14.86% and a return on equity of 3.68%. The business had revenue of $401.17 million during the quarter, compared to the consensus estimate of $400.91 million. During the same quarter in the prior year, the firm posted $1.36 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Mid-America Apartment Communities will post 6.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $3.84 annualized dividend and a dividend yield of 3.18%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 63.58%.

In related news, Director Claude B. Nielsen sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $109.83, for a total transaction of $713,895.00. Following the completion of the transaction, the director now owns 12,117 shares in the company, valued at approximately $1,330,810.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zions Bancorporation N.A. raised its stake in shares of Mid-America Apartment Communities by 733.0% during the 1st quarter. Zions Bancorporation N.A. now owns 783 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 689 shares in the last quarter. Welch Group LLC bought a new position in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $143,000. Starr International Co. Inc. bought a new position in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $148,000. Piedmont Investment Advisors Inc. bought a new position in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $202,000. Finally, Conning Inc. bought a new position in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $203,000. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Mid-America Apartment Communities Company Profile

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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