Mid-America Apartment Communities (NYSE:MAA) Stock Rating Upgraded by Scotiabank

Mid-America Apartment Communities (NYSE:MAA) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a $182.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $173.00. Scotiabank’s target price would suggest a potential upside of 15.89% from the company’s current price.

Several other equities research analysts also recently weighed in on MAA. Raymond James upgraded 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 report on Monday, October 21st. Evercore ISI lifted their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. JMP Securities restated 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. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $159.50 to $168.00 in a report on Friday, January 24th. Finally, Mizuho reduced their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average price target of $166.45.

Mid-America Apartment Communities Stock Up 0.0 %

Shares of MAA opened at $157.05 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $153.27 and a 200 day moving average of $155.80. The company has a market cap of $18.36 billion, a PE ratio of 35.06, a P/E/G ratio of 2.56 and a beta of 0.91. Mid-America Apartment Communities has a 52-week low of $123.23 and a 52-week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, sell-side analysts expect that Mid-America Apartment Communities will post 8.86 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities during the third quarter worth $25,000. Activest Wealth Management purchased a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $32,000. Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $37,000. IFP Advisors Inc boosted its holdings in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 68 shares during the last quarter. Finally, Quarry LP purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $45,000. 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.