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

Mid-America Apartment Communities (NYSE:MAA) had its target price increased by equities research analysts at Barclays from $152.00 to $163.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective would indicate a potential upside of 1.82% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Evercore ISI boosted their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $159.50 to $168.00 in a report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. BMO Capital Markets cut their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Finally, Wells Fargo & Company cut their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Mid-America Apartment Communities Price Performance

MAA opened at $160.09 on Wednesday. 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 has a 52-week low of $123.23 and a 52-week high of $167.39. The company has a 50 day moving average of $153.22 and a two-hundred day moving average of $156.08. The company has a market cap of $18.71 billion, a P/E ratio of 35.73, a P/E/G ratio of 3.66 and a beta of 0.91.

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, 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, analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Mid-America Apartment Communities during the third quarter worth about $25,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities during the third quarter worth about $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Mid-America Apartment Communities during the third quarter worth about $37,000. CoreCap Advisors LLC grew its position in shares of Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 112 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. 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.