Mid-America Apartment Communities (NYSE:MAA) Lowered to "Sell" Rating by StockNews.com

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Saturday.

A number of other research firms have also weighed in on MAA. BMO Capital Markets cut their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $159.50 to $168.00 in a report on Friday, January 24th. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their price target for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $168.90.

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Mid-America Apartment Communities Trading Down 1.5 %

MAA stock traded down $2.46 during trading on Friday, reaching $165.12. 31,583 shares of the stock were exchanged, compared to its average volume of 702,323. Mid-America Apartment Communities has a 1 year low of $123.73 and a 1 year high of $173.38. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 3.72 and a beta of 0.90. The business has a 50 day moving average price of $159.95 and a 200-day moving average price of $157.55. The company has a current ratio of 0.08, a quick 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 earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping 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, research analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Institutional Trading of Mid-America Apartment Communities

A number of institutional investors have recently modified their holdings of MAA. Cerity Partners LLC boosted its position in Mid-America Apartment Communities by 169.7% during the 3rd quarter. Cerity Partners LLC now owns 13,511 shares of the real estate investment trust's stock worth $2,147,000 after purchasing an additional 8,501 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Mid-America Apartment Communities by 1.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 89,290 shares of the real estate investment trust's stock worth $14,188,000 after acquiring an additional 1,308 shares during the period. D.A. Davidson & CO. grew its position in Mid-America Apartment Communities by 4.2% in the third quarter. D.A. Davidson & CO. now owns 2,297 shares of the real estate investment trust's stock valued at $365,000 after acquiring an additional 93 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Mid-America Apartment Communities during the third quarter valued at approximately $249,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Mid-America Apartment Communities by 56.9% during the third quarter. BNP Paribas Financial Markets now owns 168,313 shares of the real estate investment trust's stock worth $26,745,000 after purchasing an additional 61,047 shares in the last quarter. Hedge funds and other 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.