Mid-America Apartment Communities (NYSE:MAA) Stock Price Expected to Rise, Raymond James Analyst Says

Mid-America Apartment Communities (NYSE:MAA) had its price target increased by equities researchers at Raymond James from $180.00 to $185.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James’ price target indicates a potential upside of 13.72% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Scotiabank raised Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $173.00 to $182.00 in a research note on Friday, February 14th. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research report on Tuesday, December 17th. Mizuho decreased 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 report on Monday, January 6th. 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 on the stock in a report on Friday, January 24th. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and a consensus price target of $168.90.

Mid-America Apartment Communities Price Performance

Shares of MAA traded up $0.89 during mid-day trading on Thursday, reaching $162.68. 29,039 shares of the stock traded hands, compared to its average volume of 663,302. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities has a 1 year low of $123.73 and a 1 year high of $173.38. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The firm has a fifty day moving average price of $157.68 and a 200 day moving average price of $157.49.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors and hedge funds have recently modified their holdings of MAA. Inspire Investing LLC increased its stake in shares of Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 68 shares during the period. IFP Advisors Inc raised its holdings in shares of Mid-America Apartment Communities by 37.2% in 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 in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 69 shares during the period. Huntington National Bank increased its holdings in Mid-America Apartment Communities by 6.4% during the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 70 shares during the period. Finally, Chesley Taft & Associates LLC lifted its holdings in Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock worth $746,000 after buying an additional 75 shares during the period. 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.