Mid-America Apartment Communities’ (MAA) Market Outperform Rating Reaffirmed at JMP Securities

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “market outperform” rating reaffirmed by equities researchers at JMP Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $160.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective points to a potential upside of 3.11% from the stock’s current price.

MAA has been the topic of a number of other reports. BMO Capital Markets cut their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research note on Monday, October 21st. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a research report on Tuesday, December 17th. Finally, Mizuho decreased their price target on 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $166.00.

Mid-America Apartment Communities Trading Down 1.1 %

Shares of NYSE MAA traded down $1.69 during midday trading on Tuesday, reaching $155.17. 143,387 shares of the stock were exchanged, compared to its average volume of 727,410. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.56 and a beta of 0.91. Mid-America Apartment Communities has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. The business has a 50-day simple moving average of $153.54 and a two-hundred day simple moving average of $155.50.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating 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, equities research analysts expect that Mid-America Apartment Communities will post 8.86 EPS for the current year.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Mid-America Apartment Communities by 0.9% during the third quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after purchasing an additional 65,696 shares during the period. Geode Capital Management LLC grew its position in Mid-America Apartment Communities by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock worth $497,624,000 after buying an additional 48,168 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Mid-America Apartment Communities by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,389,113 shares of the real estate investment trust’s stock worth $214,715,000 after acquiring an additional 33,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Mid-America Apartment Communities by 516.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock valued at $170,694,000 after acquiring an additional 899,960 shares in the last quarter. Finally, Aew Capital Management L P lifted its position in shares of Mid-America Apartment Communities by 516.3% during the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock valued at $97,533,000 after acquiring an additional 528,608 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.