JMP Securities Reaffirms "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 analysts at JMP Securities in a report issued on Friday,Benzinga reports. They currently have a $160.00 price target on the real estate investment trust's stock. JMP Securities' target price indicates a potential upside of 7.93% from the company's previous close.

Several other analysts have also issued reports on MAA. Mizuho dropped their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research note on Monday. StockNews.com lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. Barclays initiated coverage on Mid-America Apartment Communities in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $166.00 price objective on the stock. Raymond James upgraded Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price objective on the stock in a research note on Monday, October 21st. Finally, KeyCorp upgraded Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price objective on the stock in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $166.92.

Mid-America Apartment Communities Stock Down 0.7 %

MAA traded down $1.09 on Friday, hitting $148.25. 813,850 shares of the company were exchanged, compared to its average volume of 634,125. Mid-America Apartment Communities has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a market cap of $17.33 billion, a PE ratio of 33.47, a PEG ratio of 2.53 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The stock's fifty day moving average is $156.67 and its 200-day moving average is $153.71.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. During the same quarter in the previous year, the company posted $2.29 EPS. The business's revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Mid-America Apartment Communities will post 8.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $25,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $37,000. Quarry LP bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 252.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Company Profile

MAA, an S&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.