Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $163.00

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its target price increased by investment analysts at Barclays from $152.00 to $163.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price target points to a potential upside of 1.46% from the stock's previous close.

Several other equities analysts have also recently commented on MAA. JMP Securities reaffirmed a "market outperform" rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. KeyCorp raised Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price target for the company in a report on Tuesday, December 17th. Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $159.50 to $168.00 in a report on Friday, January 24th. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Evercore ISI upped their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.00.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded up $0.57 during mid-day trading on Wednesday, hitting $160.65. 1,027,997 shares of the company's stock traded hands, compared to its average volume of 733,937. The firm has a 50 day moving average of $153.22 and a two-hundred day moving average of $156.08. Mid-America Apartment Communities has a 12 month low of $123.23 and a 12 month high of $167.39. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 3.66 and a beta of 0.91. 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 posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating the consensus estimate 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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in Mid-America Apartment Communities by 32.4% in the 4th quarter. Toronto Dominion Bank now owns 76,404 shares of the real estate investment trust's stock valued at $11,810,000 after buying an additional 18,702 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in Mid-America Apartment Communities in the 4th quarter valued at $328,000. Cornerstone Advisory LLC bought a new position in Mid-America Apartment Communities in the 4th quarter valued at $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Mid-America Apartment Communities by 5.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,986 shares of the real estate investment trust's stock valued at $174,507,000 after buying an additional 54,763 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Mid-America Apartment Communities by 44.6% in the 4th quarter. Two Sigma Advisers LP now owns 65,800 shares of the real estate investment trust's stock valued at $10,171,000 after buying an additional 20,300 shares during the last quarter. 93.60% of the stock is currently owned by 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.