Scotiabank lowered shares of Mid-America Apartment Communities (NYSE:MAA) from a sector perform rating to a sector underperform rating in a report published on Tuesday, The Fly reports. They currently have $107.00 price target on the real estate investment trust’s stock, down from their prior price target of $114.00.

A number of other analysts also recently weighed in on MAA. Janney Montgomery Scott downgraded shares of Mid-America Apartment Communities from a buy rating to a neutral rating and set a $110.00 target price on the stock. in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Mizuho set a $27.00 target price on shares of Horizon Therapeutics and gave the stock a hold rating in a report on Wednesday, May 8th. Royal Bank of Canada set a €475.00 ($552.33) target price on shares of Rational and gave the stock a sell rating in a report on Monday, May 20th. BMO Capital Markets restated a hold rating and issued a $54.00 target price on shares of Apartment Investment and Management in a report on Monday, March 25th. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $112.18.

Shares of NYSE MAA opened at $121.96 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market cap of $14.09 billion, a P/E ratio of 20.19, a P/E/G ratio of 5.08 and a beta of 0.40. The company has a fifty day moving average of $117.63. Mid-America Apartment Communities has a 52-week low of $91.21 and a 52-week high of $123.88.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.95). The company had revenue of $401.17 million during the quarter, compared to the consensus estimate of $400.91 million. Mid-America Apartment Communities had a net margin of 14.86% and a return on equity of 3.68%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. As a group, equities analysts anticipate that Mid-America Apartment Communities will post 6.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.96 dividend. The ex-dividend date is Friday, July 12th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.15%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 63.58%.

In related news, Director Claude B. Nielsen sold 6,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $109.83, for a total transaction of $713,895.00. Following the transaction, the director now directly owns 12,117 shares in the company, valued at approximately $1,330,810.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. First Citizens Bank & Trust Co. grew its holdings in Mid-America Apartment Communities by 0.5% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 25,861 shares of the real estate investment trust’s stock valued at $3,045,000 after purchasing an additional 128 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in Mid-America Apartment Communities by 1.0% during the 1st quarter. Anchor Capital Advisors LLC now owns 13,402 shares of the real estate investment trust’s stock valued at $1,465,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group grew its holdings in Mid-America Apartment Communities by 0.5% during the 1st quarter. Clean Yield Group now owns 27,065 shares of the real estate investment trust’s stock valued at $2,959,000 after purchasing an additional 140 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Mid-America Apartment Communities by 0.9% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 17,306 shares of the real estate investment trust’s stock valued at $1,892,000 after purchasing an additional 151 shares during the last quarter. Finally, West Oak Capital LLC grew its holdings in Mid-America Apartment Communities by 7.1% during the 1st quarter. West Oak Capital LLC now owns 2,400 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 92.47% of the company’s stock.

About Mid-America Apartment Communities

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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