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

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

Other equities analysts have also recently issued research reports about the company. Mizuho lowered their target price on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company 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 report on Thursday, February 6th. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $166.00.

Mid-America Apartment Communities Price Performance

Shares of MAA stock traded down $1.69 on Tuesday, reaching $155.17. The company had a trading volume of 143,387 shares, compared to its average volume of 727,410. The business’s 50-day moving average is $153.54 and its 200 day moving average is $155.50. Mid-America Apartment Communities has a one year low of $121.51 and a one year high of $167.39. 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 stock has a market capitalization of $18.14 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data 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 net margin of 24.03% and a return on equity of 8.53%. Equities research analysts forecast that Mid-America Apartment Communities will post 8.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Large investors have recently modified their holdings of the company. State Street Corp increased its holdings in Mid-America Apartment Communities by 0.9% during the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock worth $1,228,569,000 after acquiring an additional 65,696 shares during the period. Geode Capital Management LLC increased its holdings in shares of Mid-America Apartment Communities by 1.6% in 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 purchasing an additional 48,168 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Mid-America Apartment Communities by 2.5% in the fourth 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 buying an additional 33,528 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Mid-America Apartment Communities by 516.4% during the third 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 buying an additional 899,960 shares during the period. Finally, Aew Capital Management L P boosted its stake in Mid-America Apartment Communities by 516.3% during the fourth 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 buying an additional 528,608 shares during the period. 93.60% of the stock is currently owned by institutional investors.

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.