Mid-America Apartment Communities (NYSE:MAA) Earns “Market Outperform” Rating from JMP Securities

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $160.00 price objective on the real estate investment trust’s stock. JMP Securities’ target price would indicate a potential upside of 2.65% from the stock’s current price.

Several other research firms have also commented on MAA. Barclays reduced their price target on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada lifted their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Wells Fargo & Company decreased 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 research report on Friday, January 24th. Finally, KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $166.00.

Mid-America Apartment Communities Stock Down 0.1 %

MAA stock opened at $155.87 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $153.35 and a two-hundred day moving average of $155.59. Mid-America Apartment Communities has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 2.56 and a beta of 0.91.

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, beating analysts’ consensus estimates 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%. As a group, analysts forecast that Mid-America Apartment Communities will post 8.86 earnings per share for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $25,000. Activest Wealth Management acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new position in Mid-America Apartment Communities in the third quarter valued at $37,000. IFP Advisors Inc raised its stake in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. Finally, Quarry LP purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth about $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.