Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $152.00 at Barclays

Mid-America Apartment Communities (NYSE:MAA) had its price objective decreased by Barclays from $166.00 to $152.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research note on Tuesday, December 17th. Evercore ISI started coverage on shares of Mid-America Apartment Communities in a research report on Friday. They issued an “inline” rating and a $155.00 target price for the company. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research report on Monday, October 21st. Finally, Royal Bank of Canada lowered their price objective on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $166.00.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA opened at $148.38 on Friday. The business has a 50-day moving average of $155.13 and a two-hundred day moving average of $154.39. The firm has a market capitalization of $17.34 billion, a PE ratio of 33.49, a P/E/G ratio of 2.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a 12 month low of $121.51 and a 12 month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business had revenue of $551.13 million for the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company posted $2.29 earnings per share. As a group, research analysts forecast that Mid-America Apartment Communities will post 8.89 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 136.79%.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $2,890,000. Swedbank AB grew its position in Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock worth $32,350,000 after buying an additional 5,178 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Mid-America Apartment Communities by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock valued at $28,711,000 after buying an additional 4,301 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $4,304,000. Finally, Capital Investment Advisors LLC grew its holdings in shares of Mid-America Apartment Communities by 27.1% in the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after acquiring an additional 12,454 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.