Mid-America Apartment Communities (NYSE:MAA) Earns Market Outperform Rating from JMP Securities

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a note issued to investors on Friday,Benzinga reports. They presently have a $160.00 target price on the real estate investment trust’s stock. JMP Securities’ target price points to a potential upside of 7.93% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price on the stock in a research report on Monday, October 21st. Royal Bank of Canada decreased their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Mizuho cut their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $166.92.

Mid-America Apartment Communities Trading Down 0.7 %

Shares of Mid-America Apartment Communities stock opened at $148.25 on Friday. The business has a fifty day simple moving average of $156.65 and a 200-day simple moving average of $153.84. Mid-America Apartment Communities has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). The business had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. On average, equities analysts forecast that Mid-America Apartment Communities will post 8.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $25,000. Activest Wealth Management acquired a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $32,000. Catalyst Capital Advisors LLC bought a new stake in Mid-America Apartment Communities in the third quarter worth approximately $37,000. Quarry LP acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $45,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 252.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 280 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.