Mid-America Apartment Communities (NYSE:MAA) Stock Rating Upgraded by Wall Street Zen

Mid-America Apartment Communities (NYSE:MAA) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Several other brokerages have also weighed in on MAA. Robert W. Baird increased their price objective on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Scotiabank lowered their price target on Mid-America Apartment Communities from $194.00 to $180.00 and set a “sector outperform” rating for the company in a research report on Friday, June 13th. JMP Securities raised their price target on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 22nd. UBS Group lowered their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a research report on Tuesday, July 15th. Finally, Barclays raised their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $166.95.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock opened at $138.52 on Friday. The business has a 50 day simple moving average of $148.59 and a two-hundred day simple moving average of $155.83. Mid-America Apartment Communities has a 12 month low of $138.34 and a 12 month high of $173.38. The stock has a market capitalization of $16.22 billion, a P/E ratio of 28.50, a PEG ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%. The firm had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $552.19 million. During the same quarter last year, the firm earned $2.22 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Network Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities in the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $26,000. Larson Financial Group LLC increased its position in shares of Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 91 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Mid-America Apartment Communities by 972.2% during the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 175 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $34,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

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.