Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Consensus Rating of “Hold” by Brokerages

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $145.3750.

A number of research analysts have issued reports on MAA shares. Truist Financial increased their target price on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Wells Fargo & Company lifted their price target on shares of Mid-America Apartment Communities from $140.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Barclays boosted their price target on Mid-America Apartment Communities from $139.00 to $147.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Finally, Cantor Fitzgerald raised their price objective on Mid-America Apartment Communities from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock opened at $134.90 on Monday. Mid-America Apartment Communities has a twelve month low of $120.30 and a twelve month high of $146.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The company has a 50-day simple moving average of $135.60 and a two-hundred day simple moving average of $131.72. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 39.44 and a beta of 0.73.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is 178.95%.

Insider Activity at Mid-America Apartment Communities

In related news, Director Tamara D. Fischer purchased 1,100 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of the purchase, the director directly owned 1,100 shares in the company, valued at $141,405. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

Hedge funds have recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its position in shares of Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Elevation Wealth Partners LLC raised its position in Mid-America Apartment Communities by 593.1% during the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 172 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Mid-America Apartment Communities during the fourth quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in Mid-America Apartment Communities during the third quarter worth $33,000. Finally, Hurley Capital LLC lifted its stake in Mid-America Apartment Communities by 70.4% during the fourth quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 112 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.