Mid-America Apartment Communities (MAA) Receives Buy Rating from Barclays

Barclays restated their buy rating on shares of Mid-America Apartment Communities (NYSE:MAA) in a report released on Tuesday morning. Barclays currently has a $112.00 target price on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on MAA. DA Davidson set a $110.00 price objective on Mid-America Apartment Communities and gave the stock a buy rating in a research note on Tuesday, January 30th. SunTrust Banks set a $102.00 price objective on Mid-America Apartment Communities and gave the stock a buy rating in a research note on Monday, January 22nd. Zacks Investment Research cut Mid-America Apartment Communities from a hold rating to a sell rating in a research note on Friday, January 12th. ValuEngine cut Mid-America Apartment Communities from a buy rating to a hold rating in a research note on Friday, February 2nd. Finally, Jefferies Group restated a hold rating and issued a $99.00 price objective on shares of Mid-America Apartment Communities in a research note on Monday, February 5th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $104.62.

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Shares of NYSE:MAA opened at $92.65 on Tuesday. Mid-America Apartment Communities has a 52-week low of $85.16 and a 52-week high of $110.95. The stock has a market capitalization of $10,402.54, a PE ratio of 15.60, a PEG ratio of 2.18 and a beta of 0.33.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.40). Mid-America Apartment Communities had a return on equity of 4.99% and a net margin of 21.42%. The firm had revenue of $382.74 million during the quarter, compared to analysts’ expectations of $386.33 million. research analysts anticipate that Mid-America Apartment Communities will post 6.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a dividend of $0.9225 per share. This represents a $3.69 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 62.12%.

In other news, Director Claude B. Nielsen sold 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $86.44, for a total value of $622,368.00. Following the completion of the sale, the director now directly owns 20,417 shares in the company, valued at $1,764,845.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Reid Sanders acquired 4,100 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average price of $90.98 per share, with a total value of $373,018.00. Following the completion of the transaction, the director now directly owns 13,109 shares of the company’s stock, valued at $1,192,656.82. The disclosure for this purchase can be found here. 1.26% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in shares of Mid-America Apartment Communities by 1.7% in the fourth quarter. Alliancebernstein L.P. now owns 3,109,252 shares of the real estate investment trust’s stock valued at $312,666,000 after buying an additional 50,626 shares in the last quarter. First Trust Advisors LP increased its position in shares of Mid-America Apartment Communities by 15.7% in the fourth quarter. First Trust Advisors LP now owns 40,867 shares of the real estate investment trust’s stock valued at $4,110,000 after buying an additional 5,554 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Mid-America Apartment Communities by 1.8% in the fourth quarter. Schroder Investment Management Group now owns 818,000 shares of the real estate investment trust’s stock valued at $82,258,000 after buying an additional 14,651 shares in the last quarter. American International Group Inc. increased its position in shares of Mid-America Apartment Communities by 14.1% in the fourth quarter. American International Group Inc. now owns 40,594 shares of the real estate investment trust’s stock valued at $4,082,000 after buying an additional 5,028 shares in the last quarter. Finally, AXA increased its position in shares of Mid-America Apartment Communities by 14.8% in the third quarter. AXA now owns 123,416 shares of the real estate investment trust’s stock valued at $13,191,000 after buying an additional 15,936 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

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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 throughout the United States. As of December 31, 2017, MAA had ownership interest in 100,489 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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