JMP Securities Reiterates "Market Outperform" Rating for Mid-America Apartment Communities (NYSE:MAA)

Mid-America Apartment Communities (NYSE:MAA - Get Free Report)'s stock had its "market outperform" rating restated by JMP Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $160.00 target price on the real estate investment trust's stock. JMP Securities' price target would suggest a potential upside of 1.88% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Mizuho reduced their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Barclays reduced their target price on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Royal Bank of Canada lifted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Evercore ISI lifted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a report on Monday. Finally, Scotiabank reduced 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.45.

Mid-America Apartment Communities Trading Up 0.0 %

Shares of NYSE MAA traded up $0.06 during trading on Tuesday, hitting $157.05. 432,338 shares of the company traded hands, compared to its average volume of 727,295. Mid-America Apartment Communities has a 1 year low of $123.23 and a 1 year high of $167.39. The company has a 50-day moving average price of $153.31 and a 200-day moving average price of $155.60. The firm has a market capitalization of $18.36 billion, a P/E ratio of 35.06, a P/E/G 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.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, equities analysts predict that Mid-America Apartment Communities will post 8.86 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in Mid-America Apartment Communities in the 3rd quarter worth about $2,890,000. Swedbank AB boosted its holdings in shares of Mid-America Apartment Communities by 2.6% in the third quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust's stock valued at $32,350,000 after acquiring an additional 5,178 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Mid-America Apartment Communities by 2.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust's stock valued at $28,711,000 after acquiring an additional 4,301 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $4,304,000. Finally, Capital Investment Advisors LLC lifted its stake in Mid-America Apartment Communities by 27.1% during the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust's stock valued at $9,040,000 after purchasing an additional 12,454 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Company Profile

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.