Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $163.00

Mid-America Apartment Communities (NYSE:MAA) had its target price upped by stock analysts at Barclays from $152.00 to $163.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target would suggest a potential upside of 3.51% from the company’s current price.

MAA has been the subject of a number of other research reports. Wells Fargo & Company dropped 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 report on Friday, January 24th. Scotiabank raised shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $173.00 to $182.00 in a research note on Friday, February 14th. Royal Bank of Canada boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Finally, Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $159.50 to $168.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Mid-America Apartment Communities Stock Up 0.3 %

Shares of MAA opened at $157.48 on Wednesday. The firm has a 50 day simple moving average of $153.20 and a two-hundred day simple moving average of $156.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities has a one year low of $123.23 and a one year high of $167.39. The company has a market cap of $18.41 billion, a P/E ratio of 35.15, a P/E/G ratio of 3.65 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results 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 return on equity of 8.53% and a net margin of 24.03%. Research analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $25,000. Activest Wealth Management acquired a new position in Mid-America Apartment Communities in the third quarter valued at approximately $32,000. CoreCap Advisors LLC lifted its stake in Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 112 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $37,000. Finally, IFP Advisors Inc grew its position 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 period. 93.60% of the stock is owned by institutional investors.

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.