Mid-America Apartment Communities (MAA) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Mid-America Apartment Communities (NYSE:MAA) from a buy rating to a hold rating in a report published on Tuesday, April 9th, ValuEngine reports.

A number of other research analysts have also commented on MAA. Zacks Investment Research lowered Mid-America Apartment Communities from a hold rating to a sell rating in a research report on Thursday, February 21st. Raymond James lowered Mid-America Apartment Communities from an outperform rating to a market perform rating and set a $105.00 target price for the company. in a research report on Thursday, April 4th. They noted that the move was a valuation call. KeyCorp increased their target price on Mid-America Apartment Communities from $108.00 to $112.00 and gave the stock an overweight rating in a research report on Tuesday, March 19th. Finally, Janney Montgomery Scott lowered Mid-America Apartment Communities from a buy rating to a neutral rating and set a $110.00 target price for the company. in a research report on Wednesday, April 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Mid-America Apartment Communities has a consensus rating of Hold and a consensus target price of $107.35.

MAA traded up $0.28 during midday trading on Tuesday, reaching $109.85. 402,352 shares of the company’s stock traded hands, compared to its average volume of 536,682. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 3.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities has a 52 week low of $87.47 and a 52 week high of $111.10.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.95). The business had revenue of $401.17 million for the quarter, compared to the consensus estimate of $400.91 million. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. As a group, sell-side analysts expect that Mid-America Apartment Communities will post 6.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 63.58%.

In related news, insider H Eric Bolton, Jr. sold 295 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $108.57, for a total transaction of $32,028.15. Following the completion of the transaction, the insider now owns 251,865 shares of the company’s stock, valued at approximately $27,344,983.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider H Eric Bolton, Jr. sold 258 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $108.58, for a total value of $28,013.64. Following the transaction, the insider now directly owns 220,303 shares of the company’s stock, valued at approximately $23,920,499.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,456 shares of company stock valued at $1,241,695. 1.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Mid-America Apartment Communities by 2.1% during the 4th quarter. BlackRock Inc. now owns 11,359,757 shares of the real estate investment trust’s stock valued at $1,087,130,000 after purchasing an additional 238,613 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mid-America Apartment Communities by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,833,523 shares of the real estate investment trust’s stock valued at $175,217,000 after purchasing an additional 142,096 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Mid-America Apartment Communities by 2.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,644,830 shares of the real estate investment trust’s stock valued at $157,411,000 after purchasing an additional 31,770 shares during the last quarter. Morgan Stanley boosted its stake in Mid-America Apartment Communities by 8.8% during the 3rd quarter. Morgan Stanley now owns 1,591,653 shares of the real estate investment trust’s stock valued at $159,452,000 after purchasing an additional 129,006 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Mid-America Apartment Communities by 46.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,186,322 shares of the real estate investment trust’s stock valued at $129,702,000 after purchasing an additional 374,503 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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

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