Mid-America Apartment Communities (NYSE:MAA) Lowered to Sell Rating by StockNews.com

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

A number of other equities analysts also recently commented on MAA. Truist Financial upped their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $138.00 to $174.00 in a report on Monday, August 26th. Wedbush upped their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Piper Sandler upped their target price on Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, UBS Group upped their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $161.69.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $153.59 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a fifty-two week low of $118.68 and a fifty-two week high of $167.39. The stock has a 50 day moving average price of $157.72 and a two-hundred day moving average price of $146.68. The company has a market capitalization of $17.95 billion, a P/E ratio of 34.67, a PEG ratio of 2.45 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.20). The company had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 EPS. Analysts expect that Mid-America Apartment Communities will post 8.88 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in Mid-America Apartment Communities by 13.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,480 shares of the real estate investment trust’s stock worth $3,103,000 after acquiring an additional 2,727 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Mid-America Apartment Communities by 0.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,935 shares of the real estate investment trust’s stock worth $2,886,000 after acquiring an additional 201 shares during the last quarter. Whittier Trust Co. increased its stake in Mid-America Apartment Communities by 77.8% in the 1st quarter. Whittier Trust Co. now owns 1,143 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 500 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Mid-America Apartment Communities by 34.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,859 shares of the real estate investment trust’s stock worth $508,000 after acquiring an additional 987 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in Mid-America Apartment Communities in the 1st quarter worth approximately $2,322,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

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.