Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its target price lifted by Evercore ISI from $155.00 to $159.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's target price points to a potential upside of 1.43% from the company's previous close.
MAA has been the subject of several other reports. KeyCorp upgraded Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. Raymond James upgraded shares of Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective for the company in a report on Monday, October 21st. Scotiabank cut their target price on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. BMO Capital Markets decreased their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of "Hold" and a consensus target price of $166.00.
Check Out Our Latest Stock Analysis on MAA
Mid-America Apartment Communities Trading Up 0.6 %
NYSE MAA traded up $0.94 during trading hours on Monday, hitting $156.76. The company's stock had a trading volume of 258,920 shares, compared to its average volume of 728,458. Mid-America Apartment Communities has a twelve month low of $123.23 and a twelve month high of $167.39. The firm has a market capitalization of $18.32 billion, a P/E ratio of 35.12, a PEG ratio of 2.56 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $153.35 and a 200 day moving average of $155.59.
Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Equities research analysts forecast that Mid-America Apartment Communities will post 8.86 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its holdings in shares of Mid-America Apartment Communities by 8.8% in the 4th quarter. Sterling Capital Management LLC now owns 27,946 shares of the real estate investment trust's stock valued at $4,320,000 after acquiring an additional 2,250 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Mid-America Apartment Communities by 0.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 52,437 shares of the real estate investment trust's stock valued at $8,105,000 after purchasing an additional 240 shares in the last quarter. Capital Fund Management S.A. increased its position in shares of Mid-America Apartment Communities by 207.8% during the 4th quarter. Capital Fund Management S.A. now owns 27,498 shares of the real estate investment trust's stock worth $4,250,000 after purchasing an additional 52,998 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Mid-America Apartment Communities by 3.0% during the 4th quarter. Bessemer Group Inc. now owns 24,968 shares of the real estate investment trust's stock worth $3,859,000 after purchasing an additional 716 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Mid-America Apartment Communities by 76.1% in the 4th quarter. APG Asset Management N.V. now owns 144,400 shares of the real estate investment trust's stock valued at $21,555,000 after buying an additional 62,400 shares during the last quarter. Institutional investors own 93.60% of the company's stock.
About Mid-America Apartment Communities
(
Get Free Report)
Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.
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