Mid-America Apartment Communities (NYSE:MAA) Price Target Cut to $152.00 by Analysts at Barclays

Mid-America Apartment Communities (NYSE:MAA) had its target price lowered by Barclays from $166.00 to $152.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price would indicate a potential upside of 3.43% from the stock’s current price.

Several other analysts also recently commented on MAA. BMO Capital Markets decreased their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday. JMP Securities reissued a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, January 10th. Royal Bank of Canada reduced 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 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. Finally, KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have given 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 currently has an average rating of “Hold” and an average target price of $166.50.

Mid-America Apartment Communities Trading Down 0.1 %

NYSE:MAA opened at $146.97 on Friday. The stock has a market cap of $17.18 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. Mid-America Apartment Communities has a fifty-two week low of $121.51 and a fifty-two week high of $167.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. The stock’s 50-day moving average is $155.33 and its two-hundred day moving average is $154.33.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $2.29 earnings per share. As a group, equities research analysts forecast that Mid-America Apartment Communities will post 8.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $25,000. Activest Wealth Management acquired a new stake in Mid-America Apartment Communities in the third quarter worth $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Mid-America Apartment Communities during the third quarter worth $37,000. Quarry LP bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. raised its stake in Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

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.