Mid-America Apartment Communities (NYSE:MAA) Rating Increased to Overweight at Capital One Financial

Capital One Financial upgraded shares of Mid-America Apartment Communities (NYSE:MAA) from an equal weight rating to an overweight rating in a research note released on Monday, The Fly reports. Capital One Financial also issued estimates for Mid-America Apartment Communities’ Q4 2019 earnings at $1.66 EPS, FY2019 earnings at $6.53 EPS, Q1 2020 earnings at $1.60 EPS, Q2 2020 earnings at $1.61 EPS, Q3 2020 earnings at $1.63 EPS, Q4 2020 earnings at $1.72 EPS, FY2020 earnings at $6.56 EPS, Q1 2021 earnings at $1.70 EPS, Q3 2021 earnings at $1.72 EPS and FY2021 earnings at $6.94 EPS.

Other analysts have also issued reports about the company. ValuEngine lowered Mid-America Apartment Communities from a buy rating to a hold rating in a report on Wednesday, October 2nd. KeyCorp lifted their price target on Mid-America Apartment Communities from $131.00 to $138.00 and gave the stock an overweight rating in a report on Tuesday, October 8th. Scotiabank lowered Mid-America Apartment Communities from a sector perform rating to a sector underperform rating and dropped their price target for the stock from $114.00 to $107.00 in a report on Tuesday, July 9th. Barclays set a $141.00 price target on Mid-America Apartment Communities and gave the stock a buy rating in a report on Friday, October 11th. Finally, SunTrust Banks lifted their price target on Mid-America Apartment Communities to $130.00 and gave the stock a buy rating in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Mid-America Apartment Communities presently has an average rating of Buy and a consensus price target of $126.75.

Mid-America Apartment Communities stock traded down $1.27 during mid-day trading on Monday, reaching $133.99. 484,839 shares of the company’s stock were exchanged, compared to its average volume of 522,704. The business’s fifty day simple moving average is $133.48 and its 200 day simple moving average is $122.59. The firm has a market capitalization of $15.47 billion, a PE ratio of 22.18, a P/E/G ratio of 5.38 and a beta of 0.33. Mid-America Apartment Communities has a one year low of $91.21 and a one year high of $140.15. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.72.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.87). The business had revenue of $415.63 million for the quarter, compared to the consensus estimate of $411.16 million. Mid-America Apartment Communities had a return on equity of 3.84% and a net margin of 16.25%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 earnings per share. On average, sell-side analysts forecast that Mid-America Apartment Communities will post 6.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $0.96 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $3.84 annualized dividend and a dividend yield of 2.87%. Mid-America Apartment Communities’s payout ratio is presently 63.58%.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $136.46, for a total value of $682,300.00. Following the sale, the director now directly owns 68,778 shares in the company, valued at $9,385,445.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MAA. Amundi Pioneer Asset Management Inc. grew its position in shares of Mid-America Apartment Communities by 18.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 140,458 shares of the real estate investment trust’s stock valued at $15,357,000 after purchasing an additional 21,688 shares in the last quarter. South Texas Money Management Ltd. purchased a new position in shares of Mid-America Apartment Communities in the second quarter valued at $221,000. Farmers Trust Co. purchased a new position in shares of Mid-America Apartment Communities in the second quarter valued at $1,881,000. Hexavest Inc. purchased a new position in shares of Mid-America Apartment Communities in the second quarter valued at $24,133,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Mid-America Apartment Communities in the second quarter valued at $477,000. Institutional investors own 93.19% of the company’s stock.

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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