StockNews.com Downgrades Mid-America Apartment Communities (NYSE:MAA) to Sell

Mid-America Apartment Communities (NYSE:MAA) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Several other analysts have also recently weighed in on the company. Jefferies Financial Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and lifted their price objective for the company from $148.00 to $190.00 in a research report on Monday, March 10th. BMO Capital Markets dropped their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Barclays decreased their price objective on Mid-America Apartment Communities from $163.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight 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, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and a consensus price target of $168.76.

Mid-America Apartment Communities Trading Down 0.4 %

MAA opened at $154.24 on Monday. Mid-America Apartment Communities has a one year low of $123.73 and a one year high of $173.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day simple moving average of $161.35 and a two-hundred day simple moving average of $157.10. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts’ consensus estimates 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%. Analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was 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. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 7,140 shares of company stock worth $1,142,842. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SeaCrest Wealth Management LLC boosted its stake in shares of Mid-America Apartment Communities by 12.6% during the 1st quarter. SeaCrest Wealth Management LLC now owns 7,598 shares of the real estate investment trust’s stock worth $1,273,000 after acquiring an additional 851 shares during the last quarter. Gilman Hill Asset Management LLC raised its holdings in Mid-America Apartment Communities by 61.3% in the 1st quarter. Gilman Hill Asset Management LLC now owns 5,524 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 2,100 shares during the period. Portside Wealth Group LLC lifted its position in Mid-America Apartment Communities by 2.5% during the first quarter. Portside Wealth Group LLC now owns 5,695 shares of the real estate investment trust’s stock valued at $880,000 after purchasing an additional 140 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in Mid-America Apartment Communities during the first quarter valued at about $577,000. Finally, Unigestion Holding SA grew its holdings in Mid-America Apartment Communities by 90.2% during the first quarter. Unigestion Holding SA now owns 15,304 shares of the real estate investment trust’s stock valued at $2,565,000 after purchasing an additional 7,259 shares during the period. Hedge funds and other 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.