Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $185.00 at Raymond James

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price target boosted by equities research analysts at Raymond James from $180.00 to $185.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the real estate investment trust's stock. Raymond James' price target suggests a potential upside of 12.94% from the company's current price.

Other equities analysts have also issued reports about the company. BMO Capital Markets decreased their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research note on Tuesday, January 21st. Evercore ISI raised their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Truist Financial boosted their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Barclays raised their price objective on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Moderate Buy" and an average target price of $168.90.

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Mid-America Apartment Communities Stock Performance

MAA stock traded up $2.53 on Thursday, reaching $163.80. The company's stock had a trading volume of 472,235 shares, compared to its average volume of 668,193. The firm has a fifty day moving average of $158.48 and a two-hundred day moving average of $157.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $19.15 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities has a 52 week low of $123.73 and a 52 week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Activest Wealth Management acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $32,000. CoreCap Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 112 shares in the last quarter. IFP Advisors Inc boosted its position in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Quarry LP purchased a new position in Mid-America Apartment Communities in the third quarter valued at about $45,000. Finally, Headlands Technologies LLC purchased a new position in Mid-America Apartment Communities in the fourth quarter valued at about $46,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

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.