Name: Mid-America Apartment Communities (NYSE:MAA) Reaches New 12-Month Low at $115.56
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Mid-America Apartment Communities (NYSE:MAA) Reaches New 12-Month Low at $115.56

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Skip to main contentPosted by onShares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $115.56 and last traded at $116.98, with a volume of 178649 shares trading hands. The stock had previously closed at $118.15.A number of equities analysts have recently issued reports on MAA shares. BMO Capital Markets raised their target price on shares of Mid-America Apartment Communities from $163.00 to $165.00 in a research report on Tuesday, July 18th. Bank of America downgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $136.00 to $112.00 in a research report on Tuesday. Wedbush began coverage on shares of Mid-America Apartment Communities in a report on Tuesday, October 3rd. They issued a “neutral” rating and a $137.00 target price for the company. Piper Sandler lowered Mid-America Apartment Communities from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $182.00 to $130.00 in a report on Tuesday. Finally, StockNews.com began coverage on Mid-America Apartment Communities in a research note on Thursday, October 5th. They set a “hold” rating for the company. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $155.09.View Our Latest Research Report on Mid-America Apartment CommunitiesThe company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.70. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 5.89 and a beta of 0.82. The business has a fifty day simple moving average of $132.83 and a 200 day simple moving average of $143.97.The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Thursday, October 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 111.78%.In other news, Director William Reid Sanders purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were acquired at an average price of $115.74 per share, with a total value of $231,480.00. Following the purchase, the director now directly owns 28,627 shares of the company’s stock, valued at $3,313,288.98. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.A number of large investors have recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. grew its position in shares of Mid-America Apartment Communities by 21.1% in the second quarter. Raleigh Capital Management Inc. now owns 379 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 66 shares during the last quarter. Summit X LLC increased its holdings in shares of Mid-America Apartment Communities by 3.4% during the 2nd quarter. Summit X LLC now owns 2,135 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 70 shares during the last quarter. Murphy Middleton Hinkle &amp; Parker Inc. raised its position in shares of Mid-America Apartment Communities by 3.8% in the 4th quarter. Murphy Middleton Hinkle &amp; Parker Inc. now owns 1,910 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 70 shares during the period. Cooper Financial Group boosted its holdings in Mid-America Apartment Communities by 3.8% in the second quarter. Cooper Financial Group now owns 2,181 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 80 shares during the last quarter. Finally, Cape ANN Savings Bank increased its stake in Mid-America Apartment Communities by 2.5% during the second quarter. Cape ANN Savings Bank now owns 3,339 shares of the real estate investment trust’s stock worth $507,000 after acquiring an additional 80 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.(Get Free Report)MAA, an S&amp;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.Receive News &amp; Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.Liontrust Asset Management Reaches New 1-Year Low at $519.00Wildcat Petroleum Sets New 1-Year Low at $0.13Gulf Marine Services Sets New 12-Month High at $12.20NuScale Power Shares Down 6.5%Granite Construction Shares Up 5.5%TE Connectivity Price Target Cut to $135.00 by Analysts at Truist FinancialComplete the form below to receive the latest headlines and analysts' recommendations for Mid-America Apartment Communities with MarektBeat's free daily email newsletter:

Skip to main contentPosted by onShares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $115.56 and last traded at $116.98, with a volume of 178649 shares trading hands. The stock had previously closed at $118.15.A number of equities analysts have recently issued reports on MAA shares. BMO Capital Markets raised their target price on shares of Mid-America Apartment Communities from $163.00 to $165.00 in a research report on Tuesday, July 18th. Bank of America downgraded shares of Mid-America Apartment...

Mid-America Apartment Communities (NYSE:MAA) Reaches New 12-Month Low at $115.56

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