StockNews.com Upgrades Mid-America Apartment Communities (NYSE:MAA) to Hold

Mid-America Apartment Communities (NYSE:MAA) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

MAA has been the topic of several other research reports. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, January 10th. Mizuho dropped their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada dropped their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.80.

Mid-America Apartment Communities Stock Down 0.5 %

Shares of NYSE:MAA opened at $158.04 on Thursday. 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 firm has a 50 day simple moving average of $153.77 and a 200-day simple moving average of $155.12. The company has a market capitalization of $18.47 billion, a PE ratio of 35.68, a P/E/G ratio of 2.46 and a beta of 0.91. Mid-America Apartment Communities has a twelve month low of $121.51 and a twelve month high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. On average, equities analysts predict that Mid-America Apartment Communities will post 8.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several institutional investors have recently modified their holdings of MAA. Ashton Thomas Securities LLC purchased a new position in 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 $32,000. Catalyst Capital Advisors LLC purchased a new position in shares of Mid-America Apartment Communities in the third quarter valued at $37,000. IFP Advisors Inc raised its stake in shares of Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 68 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

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.