Mid-America Apartment Communities (NYSE:MAA) Stock Rating Lowered by StockNews.com

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

MAA has been the topic of several other reports. BNP Paribas began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Scotiabank boosted their price target on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Piper Sandler increased their target price on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada dropped their target price on shares of 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $161.69.

Mid-America Apartment Communities Stock Performance

MAA traded up $2.85 on Tuesday, reaching $155.03. The stock had a trading volume of 562,921 shares, compared to its average volume of 754,028. The business’s 50-day moving average price is $157.98 and its two-hundred day moving average price is $146.43. Mid-America Apartment Communities has a 12-month low of $118.68 and a 12-month high of $167.39. The company has a market cap of $18.12 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

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

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in Mid-America Apartment Communities during the third quarter worth about $25,000. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $26,000. Versant Capital Management Inc grew its holdings in 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 during the period. Catalyst Capital Advisors LLC purchased a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $37,000. Finally, UMB Bank n.a. grew its holdings in Mid-America Apartment Communities by 82.4% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.