Mid-America Apartment Communities (NYSE:MAA) Now Covered by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Mid-America Apartment Communities (NYSE:MAAGet Rating) in a research note issued to investors on Tuesday morning, The Fly reports. The brokerage issued a market perform rating on the real estate investment trust’s stock.

MAA has been the topic of a number of other research reports. StockNews.com assumed coverage on Mid-America Apartment Communities in a report on Wednesday, October 12th. They issued a hold rating on the stock. Jefferies Financial Group lowered their target price on 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. Raymond James reaffirmed a downgrade rating on shares of Mid-America Apartment Communities in a report on Thursday, August 4th. The Goldman Sachs Group lifted their price objective on Mid-America Apartment Communities from $160.00 to $178.00 and gave the stock a neutral rating in a report on Monday, November 14th. Finally, Royal Bank of Canada decreased their price objective on Mid-America Apartment Communities from $177.00 to $170.00 and set a sector perform rating on the stock in a report on Friday, October 28th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $197.31.

Mid-America Apartment Communities Stock Performance

MAA opened at $160.88 on Tuesday. The firm has a market capitalization of $18.58 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 9.50 and a beta of 0.74. The stock’s 50 day moving average price is $154.61 and its two-hundred day moving average price is $167.49. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.73. Mid-America Apartment Communities has a 12-month low of $141.13 and a 12-month high of $231.63.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were paid a $1.25 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Thursday, October 13th. This represents a $5.00 annualized dividend and a yield of 3.11%. Mid-America Apartment Communities’s payout ratio is currently 92.25%.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors have recently bought and sold shares of the stock. Clarius Group LLC boosted its stake in Mid-America Apartment Communities by 4.0% in the 2nd quarter. Clarius Group LLC now owns 1,496 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 57 shares in the last quarter. Inspire Investing LLC raised its position in Mid-America Apartment Communities by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 1,765 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 63 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in Mid-America Apartment Communities by 5.5% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,245 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 65 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Mid-America Apartment Communities by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,308 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 70 shares during the last quarter. Finally, Veritable L.P. raised its position in Mid-America Apartment Communities by 2.5% in the 1st quarter. Veritable L.P. now owns 2,955 shares of the real estate investment trust’s stock valued at $619,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

About Mid-America Apartment Communities

(Get Rating)

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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