Mid-America Apartment Communities (NYSE:MAA) Upgraded by Jefferies Financial Group to “Buy” Rating

Mid-America Apartment Communities (NYSE:MAA) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a $190.00 price target on the real estate investment trust’s stock, up from their prior price target of $148.00. Jefferies Financial Group’s price objective points to a potential upside of 14.25% from the stock’s current price.

Other equities research analysts have also issued reports about the company. BMO Capital Markets reduced their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Evercore ISI upped their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a report on Monday, February 10th. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Barclays raised their target price on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $168.10.

Mid-America Apartment Communities Trading Down 0.3 %

Shares of Mid-America Apartment Communities stock opened at $166.31 on Monday. The business has a fifty day simple moving average of $155.87 and a 200-day simple moving average of $157.24. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities has a fifty-two week low of $123.73 and a fifty-two week high of $173.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, equities analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Mid-America Apartment Communities in the 3rd quarter worth approximately $25,000. Activest Wealth Management acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $32,000. CoreCap Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 112 shares in the last quarter. IFP Advisors Inc lifted its holdings in 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 valued at $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Quarry LP acquired a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.