Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Average Recommendation of “Moderate Buy” by Brokerages

Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating ) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $193.50.

A number of research analysts have weighed in on MAA shares. Piper Sandler cut their price target on Mid-America Apartment Communities to $185.00 in a research note on Tuesday, November 1st. Jefferies Financial Group decreased their target price on shares of Mid-America Apartment Communities from $210.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. StockNews.com initiated coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 12th. They issued a “Hold” rating for the company. Royal Bank of Canada reduced their price objective on shares of Mid-America Apartment Communities from $177.00 to $170.00 and set a “sector perform” rating on the stock in a research note on Friday, October 28th. Finally, Capital One Financial reaffirmed an “overweight” rating on shares of Mid-America Apartment Communities in a report on Wednesday, November 30th.

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Insider activity in Mid-America apartment communities

In other Mid-America Apartment Communities news, Director Monica Hall McGurk sold 921 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $162.01 for a total value of $149,211.21. Following the completion of the sale, the director now owns 835 shares of the company’s stock, valued at approximately $135,278.35. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is accessible through the SEC website. 1.34% of the stock is currently held by corporate insiders.

Institutional Trading of Mid-America Apartment Communities

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in Mid-America Apartment Communities by 73.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,234 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 1,368 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Mid-America Apartment Communities by 13.5% during the first quarter. Mirre Asset Global Investments Co. Ltd. now owns 21,271 shares of the real estate investment trust’s stock worth $4,455,000 after acquiring an additional 2,523 shares in the last quarter. Tcwp LLC purchased a new position in Mid-America Apartment Communities in the first quarter valued at approximately $29,000. Aaron Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth $157,000. Finally, BI Asset Management Fondsmaglersellschaft AS acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter valued at $187,000. 93.01% of the stock is held by institutional investors and hedge funds.

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Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $157.60 on Friday. Mid-America Apartment Communities has a fifty-two week low of $141.13 and a fifty-two week high of $231.63. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 9.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.08, and a quick ratio of 0.08. The business has a 50-day moving average of $156.11 and a 200-day moving average of $165.59.

Mid-America apartment communities reap dividends

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be given a $1.40 dividend. This represents a $5.60 dividend annually and a dividend yield of 3.55%. The ex-dividend date is Thursday, January 12th. This is an increase from Mid-America Apartment Communities’ previous quarterly dividend of $1.25. Mid-America Apartment Communities’ payout ratio is currently 92.25%.

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About Mid-America Apartment Communities

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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 the Mid-Atlantic regions of the United States.

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Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

This instant news alert was generated by MarketBeat’s descriptive science technology and financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please direct any questions or comments about this story to [email protected]

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