JMP Securities Boosts Mid-America Apartment Communities (NYSE:MAA) Price Target to $160.00

Mid-America Apartment Communities (NYSE:MAA) had its target price increased by JMP Securities from $145.00 to $160.00 in a report published on Friday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the real estate investment trust’s stock.

Several other research firms have also commented on MAA. Wedbush upgraded Mid-America Apartment Communities from a neutral rating to an outperform rating and upped their price objective for the stock from $135.00 to $154.00 in a research report on Monday, May 6th. Wells Fargo & Company increased their price target on Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an equal weight rating in a report on Friday, May 31st. Truist Financial upped their price target on Mid-America Apartment Communities from $148.00 to $156.00 and gave the stock a buy rating in a research note on Monday, June 24th. UBS Group upped their target price on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a sell rating in a research note on Thursday, July 18th. Finally, Janney Montgomery Scott upgraded Mid-America Apartment Communities from a neutral rating to a buy rating and set a $150.00 price objective for the company in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of Hold and an average price target of $145.15.

Mid-America Apartment Communities Stock Down 2.3 %

Shares of NYSE MAA traded down $3.50 during trading hours on Friday, hitting $146.52. 938,011 shares of the stock were exchanged, compared to its average volume of 773,675. The firm has a fifty day moving average price of $139.74 and a 200-day moving average price of $133.59. Mid-America Apartment Communities has a 12 month low of $115.56 and a 12 month high of $152.02. The company has a market cap of $17.12 billion, a PE ratio of 30.82, a PEG ratio of 3.27 and a beta of 0.85. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were issued a $1.47 dividend. The ex-dividend date was Monday, July 15th. This represents a $5.88 dividend on an annualized basis and a yield of 4.01%. Mid-America Apartment Communities’s payout ratio is presently 123.27%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. DecisionPoint Financial LLC purchased a new position in Mid-America Apartment Communities during the first quarter valued at approximately $26,000. EdgeRock Capital LLC purchased a new stake in Mid-America Apartment Communities during the second quarter valued at $26,000. First United Bank & Trust purchased a new position in Mid-America Apartment Communities during the fourth quarter valued at $27,000. Mather Group LLC. purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $32,000. Finally, Versant Capital Management Inc grew its holdings in Mid-America Apartment Communities by 3,071.4% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Company Profile

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.