Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) has received a consensus recommendation of “Hold” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $154.66.
Several equities research analysts have recently issued reports on MAA shares. Morgan Stanley raised their price objective on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 15th. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Bank of America upgraded shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their target price for the company from $144.00 to $189.00 in a research report on Monday, August 12th. Mizuho boosted their price target on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, JMP Securities boosted their price objective on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd.
Check Out Our Latest Report on MAA
Mid-America Apartment Communities Stock Performance
Hedge Funds Weigh In On Mid-America Apartment Communities
Institutional investors have recently modified their holdings of the business. EdgeRock Capital LLC acquired a new stake in Mid-America Apartment Communities during the 2nd quarter worth approximately $26,000. First United Bank & Trust bought a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at about $27,000. DecisionPoint Financial LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth about $26,000. Versant Capital Management Inc raised its position in Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Mid-America Apartment Communities during the 1st quarter worth approximately $32,000. Institutional investors own 93.60% of the company’s stock.
About Mid-America Apartment Communities
MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.
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