Mid-America Apartment Communities (NYSE:MAA) Rating Increased to Hold at StockNews.com

Mid-America Apartment Communities (NYSE:MAA) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other brokerages have also issued reports on MAA. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Royal Bank of Canada raised their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. BMO Capital Markets decreased their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. Truist Financial raised their price objective on Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, Mizuho cut their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. One equities 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.90.

Mid-America Apartment Communities Price Performance

MAA stock opened at $153.15 on Friday. The business has a 50 day moving average price of $161.14 and a 200 day moving average price of $157.53. 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. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results 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%. Equities research analysts anticipate that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the sale, the chief executive officer now directly owns 324,171 shares in the company, valued at $53,890,187.04. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $2,890,000. Metis Global Partners LLC raised its stake in Mid-America Apartment Communities by 9.5% during the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock valued at $2,670,000 after purchasing an additional 1,499 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Mid-America Apartment Communities by 2.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after acquiring an additional 4,301 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in shares of Mid-America Apartment Communities by 1,582.9% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock valued at $1,035,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after acquiring an additional 12,454 shares in the last quarter. Institutional investors 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.