Mid-America Apartment Communities (NYSE:MAA) Price Target Increased to $174.00 by Analysts at Truist Financial

Mid-America Apartment Communities (NYSE:MAA – Free Report) had its target price increased by Truist Financial from $159.00 to $174.00 in a research note released on Friday, FlyOnTheWall reports.

Other equities research analysts have also issued reports about the company. Wolfe Research lowered Mid-America Apartment Communities from a peer perform rating to an underperform rating and set a $137.00 price objective for the company. in a research note on Monday, May 15th. 888 reiterated a maintains rating on shares of Mid-America Apartment Communities in a research note on Friday, May 19th. Piper Sandler cut their price objective on Mid-America Apartment Communities from $195.00 to $182.00 and set an overweight rating for the company in a research note on Wednesday, April 5th. StockNews.com assumed coverage on Mid-America Apartment Communities in a research note on Thursday, May 18th. They set a hold rating for the company. Finally, Scotiabank lowered Mid-America Apartment Communities from a sector perform rating to a sector underperform rating and set a $150.00 price objective for the company. in a research note on Wednesday, April 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $169.57.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $153.23 on Friday. Mid-America Apartment Communities has a 12 month low of $138.68 and a 12 month high of $190.17. The stock has a 50 day moving average of $150.85 and a two-hundred day moving average of $154.55. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.69. The firm has a market cap of $17.88 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 8.40 and a beta of 0.77.

Mid-America Apartment Communities Announces Dividend

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The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, July 14th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $5.60 dividend on an annualized basis and a yield of 3.65%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 98.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. purchased a new position in Mid-America Apartment Communities in the fourth quarter valued at $26,000. Fiduciary Alliance LLC acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at $31,000. Raleigh Capital Management Inc. raised its stake in Mid-America Apartment Communities by 362.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 231 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 181 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at $38,000. Finally, Accurate Wealth Management LLC acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at $38,000. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Company Profile

(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.