1 week Ago By ABMN Staff
Shares of Mid-America Apartment Communities, Inc. ( NYSE:MAA – Get Free Report ) have been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat.com reports.
One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $165.31.
A number of analysts have commented on MAA shares. Royal Bank of Canada cut their price target on shares of Mid-America Apartment Communities from $169.00 to $165.
00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. StockNews.com cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th.
Deutsche Bank Aktiengesellschaft upped their price objective on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th.
Scotiabank reduced their target price on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th.
Finally, Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research note on Monday, October 21st. Get Our Latest Stock Analysis on MAA Hedge Funds Weigh In On Mid-America Apartment Communities Mid-America Apartment Communities Price Performance Shares of NYSE MAA opened at $155.
06 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.
09 and a quick ratio of 0.09. The business has a 50-day moving average of $156.
92 and a 200-day moving average of $153.57. The stock has a market capitalization of $18.
12 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.53 and a beta of 0.
91. Mid-America Apartment Communities has a fifty-two week low of $121.51 and a fifty-two week high of $167.
39. Mid-America Apartment Communities ( NYSE:MAA – Get Free Report ) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.
98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20).
The company had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million.
Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%.
The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.
29 earnings per share. As a group, sell-side analysts predict that Mid-America Apartment Communities will post 8.88 earnings per share for the current fiscal year.
Mid-America Apartment Communities Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $1.515 dividend.
This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.
06 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, January 15th.
Mid-America Apartment Communities’s payout ratio is 136.79%. Mid-America Apartment Communities Company Profile ( Get Free Report MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.
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