Mid-America Apartment Communities (NYSE:MAA) Raised to “Hold” at StockNews.com

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

MAA has been the subject of several other reports. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada raised their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Barclays decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. Evercore ISI raised their price target on 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. Finally, BMO Capital Markets reduced 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 research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and an average price target of $168.76.

Mid-America Apartment Communities Trading Up 2.3 %

MAA stock opened at $158.36 on Wednesday. Mid-America Apartment Communities has a 52-week low of $125.99 and a 52-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 firm has a market cap of $18.51 billion, a P/E ratio of 35.35, a PEG ratio of 3.72 and a beta of 0.79. The company’s 50-day simple moving average is $161.24 and its 200-day simple moving average is $157.07.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating 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 analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the sale, the chief executive officer now owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 7,140 shares of company stock worth $1,142,842. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Capital World Investors grew its holdings in shares of Mid-America Apartment Communities by 45.9% during the fourth quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust’s stock worth $1,025,868,000 after buying an additional 2,088,143 shares during the last quarter. Norges Bank acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $826,562,000. JPMorgan Chase & Co. grew its stake in shares of Mid-America Apartment Communities by 26.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust’s stock valued at $517,015,000 after purchasing an additional 708,125 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Mid-America Apartment Communities by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,193,188 shares of the real estate investment trust’s stock valued at $492,421,000 after purchasing an additional 52,050 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Mid-America Apartment Communities by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,656,669 shares of the real estate investment trust’s stock worth $410,641,000 after purchasing an additional 40,436 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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.