Mid-America Apartment Communities (NYSE:MAA – Get Free Report) had its price target increased by research analysts at Scotiabank from $151.00 to $161.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 2.84% from the company’s current price.
MAA has been the topic of several other reports. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $138.00 to $174.00 in a report on Monday. Wedbush boosted their price objective on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Mizuho lifted their price target on Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Bank of America upgraded shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. Finally, Morgan Stanley boosted their target price on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $152.41.
Get Our Latest Analysis on Mid-America Apartment Communities
Mid-America Apartment Communities Price Performance
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. DecisionPoint Financial LLC purchased a new position in Mid-America Apartment Communities during the 1st quarter valued at about $26,000. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $26,000. First United Bank & Trust purchased a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $27,000. Mather Group LLC. acquired a new position in shares of Mid-America Apartment Communities in the first quarter valued at approximately $32,000. Finally, Versant Capital Management Inc grew its holdings in shares of Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
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