Mizuho Lowers Mid-America Apartment Communities (NYSE:MAA) Price Target to $159.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective dropped by equities research analysts at Mizuho from $163.00 to $159.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target points to a potential upside of 2.54% from the company’s current price.

Several other equities analysts have also recently commented on the company. Scotiabank cut their price target on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. BNP Paribas assumed coverage on Mid-America Apartment Communities in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research note on Monday, October 21st. Finally, Barclays assumed coverage on Mid-America Apartment Communities in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $166.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $166.92.

Mid-America Apartment Communities Trading Up 1.7 %

Shares of Mid-America Apartment Communities stock opened at $155.06 on Monday. Mid-America Apartment Communities has a 1 year low of $121.51 and a 1 year high of $167.39. The company’s fifty day simple moving average is $156.92 and its 200-day simple moving average is $153.66. The company has a market cap of $18.12 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.53 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

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

Institutional Trading of Mid-America Apartment Communities

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth about $25,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $37,000. Quarry LP acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Mid-America Apartment Communities by 252.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

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.