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 reiterated by stock analysts at JMP Securities in a report released on Friday,Benzinga reports. They currently have a $160.00 price target on the real estate investment trust’s stock. JMP Securities’ target price suggests a potential upside of 7.10% from the company’s current price.

MAA has been the subject of several other reports. Mizuho decreased their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday. KeyCorp upgraded shares of 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 report on Tuesday, December 17th. Royal Bank of Canada cut their target price on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Barclays initiated coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $166.00 price objective for the company. 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $166.92.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded up $0.06 during trading on Friday, hitting $149.40. 132,295 shares of the stock were exchanged, compared to its average volume of 518,503. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. Mid-America Apartment Communities has a 1-year low of $121.51 and a 1-year high of $167.39. The company has a fifty day moving average price of $156.67 and a 200-day moving average price of $153.71.

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

Institutional Investors Weigh In On Mid-America Apartment Communities

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 during the period. Duquesne Family Office LLC bought a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $91,868,000. Long Pond Capital LP lifted its stake in shares of Mid-America Apartment Communities by 550.9% in the second quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock worth $92,270,000 after acquiring an additional 547,607 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Mid-America Apartment Communities by 17.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock worth $375,515,000 after purchasing an additional 393,067 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Mid-America Apartment Communities by 830.8% during the third quarter. KBC Group NV now owns 125,785 shares of the real estate investment trust’s stock valued at $19,987,000 after buying an additional 112,271 shares during the last quarter. Institutional investors 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.