Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $185.00 at Raymond James

Mid-America Apartment Communities (NYSE:MAA) had its price target raised by Raymond James from $180.00 to $185.00 in a research report report published on Thursday morning,Benzinga reports. Raymond James currently has a strong-buy rating on the real estate investment trust’s stock.

MAA has been the topic of several other research reports. Royal Bank of Canada lifted their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Mizuho dropped their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Evercore ISI upped their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $173.00 to $182.00 in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.90.

Mid-America Apartment Communities Stock Up 0.5 %

Shares of NYSE:MAA opened at $162.58 on Thursday. The firm has a 50 day simple moving average of $157.95 and a 200 day simple moving average of $157.52. Mid-America Apartment Communities has a 52 week low of $123.73 and a 52 week high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $19.01 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. As a group, research analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $32,000. CoreCap Advisors LLC boosted its stake in Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 112 shares during the period. IFP Advisors Inc grew its holdings in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Quarry LP bought a new position in Mid-America Apartment Communities in the 3rd quarter worth approximately $45,000. Finally, Headlands Technologies LLC acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter worth approximately $46,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.