Truist Financial Raises Mid-America Apartment Communities (NYSE:MAA) Price Target to $174.00

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its target price raised by Truist Financial from $158.00 to $174.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price would indicate a potential upside of 3.94% from the company's current price.

MAA has been the topic of a number of other research reports. Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. BMO Capital Markets lowered 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 note on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. Finally, Wells Fargo & Company lowered their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $168.43.

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Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded up $1.04 during trading on Monday, reaching $167.40. The stock had a trading volume of 948,628 shares, compared to its average volume of 662,698. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The business has a fifty day moving average price of $155.87 and a 200-day moving average price of $157.24. The stock has a market cap of $19.57 billion, a PE ratio of 37.37, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities has a 1-year low of $123.73 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping 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%. On average, equities analysts forecast that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Large investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth about $25,000. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth about $32,000. CoreCap Advisors LLC increased its holdings in Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares during the period. IFP Advisors Inc increased its holdings in Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 68 shares during the period. Finally, Quarry LP purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth about $45,000. 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.