The price of Mid-America Apartment Communities Inc. (NYSE:MAA) shares last traded on Wall Street fell -2.27% to $157.70.
Based on available information, 23 analysts follow Mid-America Apartment Communities Inc. (NYSE:MAA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $203.00 and a low of $139.00, we find $175.00. Given the previous closing price of $161.37, this indicates a potential upside of 8.45 percent. MAA stock price is now -0.45% away from the 50-day moving average and -7.62% away from the 200-day moving average. The market capitalization of the company currently stands at $18.28B.
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Among analysts, 13 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $175.00 as their price target over the next twelve months.
With the price target reduced from $176 to $167, Truist Downgraded its rating from Buy to Hold for Mid-America Apartment Communities Inc. (NYSE: MAA). On January 09, 2023, Credit Suisse Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $160, while ‘UBS’ rates the stock as ‘Sell’.
In other news, Campbell Albert M III, EVP, Chief Financial Officer sold 93 shares of the company’s stock on Jan 11. The stock was sold for $14,468 at an average price of $155.57. Upon completion of the transaction, the EVP, Chief Financial Officer now directly owns 55,381 shares in the company, valued at $8.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 11, EVP & CHRO Carpenter Melanie sold 269 shares of the business’s stock. A total of $41,848 was realized by selling the stock at an average price of $155.57. This leaves the insider owning 17,499 shares of the company worth $2.76 million. Insiders disposed of 87,878 shares of company stock worth roughly $13.86 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MAA stock. A new stake in Mid-America Apartment Communities Inc. shares was purchased by WATERFRONT CAPITAL PARTNERS, LLC during the first quarter worth $56,783,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $25,259,000 in shares of MAA during the first quarter. In the first quarter, WAFRA INC. acquired a new stake in Mid-America Apartment Communities Inc. valued at approximately $25,114,000. UNIPLAN INVESTMENT COUNSEL, INC. acquired a new stake in MAA for approximately $15,088,000. GSI CAPITAL ADVISORS LLC purchased a new stake in MAA valued at around $5,534,000 in the second quarter. In total, there are 946 active investors with 95.60% ownership of the company’s stock.
A candlestick chart of Mid-America Apartment Communities Inc. (NYSE: MAA) showed a price of $161.54 on Wednesday morning. During the past 12 months, Mid-America Apartment Communities Inc. has had a low of $141.13 and a high of $217.64. The fifty day moving average price for MAA is $158.42 and a two-hundred day moving average price translates $170.71 for the stock.
The latest earnings results from Mid-America Apartment Communities Inc. (NYSE: MAA) was released for Sep, 2022. According to the REIT – Residential Company, earnings per share came in at $1.05, missing analysts’ expectations of $1.11 by -0.06. This compares to $0.73 EPS in the same period last year. The net profit margin was 32.00% and return on equity was 10.40% for MAA. The company reported revenue of $520.78 million for the quarter, compared to $452.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.07 percent. For the current quarter, analysts expect MAA to generate $518.76M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2023. Investors who held shares on 01/13/2023 were paid a $1.40 dividend. On an annualized basis, this represents a $5.60 dividend and a 3.55% percent yield. There was an ex-dividend date of 01/12/2023 for this dividend. In terms of dividend payout ratio, MAA is presently at 82.00%.
Mid-America Apartment Communities Inc.(MAA) 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. As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.
