Mid-America Apartment Communities (NYSE:MAA) Price Target Increased to $138.00 by Analysts at KeyCorp

Mid-America Apartment Communities (NYSE:MAA) had its price objective increased by KeyCorp from $131.00 to $138.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays lifted their price objective on Mid-America Apartment Communities from $127.00 to $133.00 and gave the company an overweight rating in a research note on Wednesday, August 28th. Scotiabank cut Mid-America Apartment Communities from a sector perform rating to a sector underperform rating and dropped their price objective for the company from $114.00 to $107.00 in a research note on Tuesday, July 9th. ValuEngine cut Mid-America Apartment Communities from a buy rating to a hold rating in a research note on Wednesday, October 2nd. SunTrust Banks lifted their price objective on Mid-America Apartment Communities to $130.00 and gave the company a buy rating in a research note on Wednesday, September 11th. Finally, Capital One Financial reaffirmed an equal weight rating on shares of Mid-America Apartment Communities in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Mid-America Apartment Communities currently has an average rating of Hold and a consensus price target of $117.63.

Shares of NYSE MAA opened at $132.65 on Tuesday. Mid-America Apartment Communities has a twelve month low of $91.21 and a twelve month high of $133.76. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $128.46 and a 200-day simple moving average of $118.50. The stock has a market capitalization of $15.10 billion, a PE ratio of 21.96, a PEG ratio of 5.39 and a beta of 0.33.



The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $3.84 annualized dividend and a yield of 2.89%. Mid-America Apartment Communities’s payout ratio is 63.58%.

In related news, Director David P. Stockert sold 2,047 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the transaction, the director now directly owns 65,240 shares of the company’s stock, valued at approximately $7,883,601.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAA. Nuveen Asset Management LLC grew its stake in Mid-America Apartment Communities by 333.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 822,353 shares of the real estate investment trust’s stock worth $96,841,000 after purchasing an additional 632,686 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Mid-America Apartment Communities by 157,752.2% during the 2nd quarter. Centersquare Investment Management LLC now owns 353,589 shares of the real estate investment trust’s stock worth $41,639,000 after buying an additional 353,365 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Mid-America Apartment Communities by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 18,881,481 shares of the real estate investment trust’s stock worth $2,223,484,000 after buying an additional 346,064 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in Mid-America Apartment Communities by 207,883.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 345,253 shares of the real estate investment trust’s stock worth $40,653,000 after buying an additional 345,087 shares during the last quarter. Finally, FMR LLC lifted its holdings in Mid-America Apartment Communities by 28.2% during the 1st quarter. FMR LLC now owns 1,352,227 shares of the real estate investment trust’s stock worth $147,839,000 after buying an additional 297,563 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

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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