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

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

MAA has been the subject of a number of other reports. Truist Financial upped their price objective on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Royal Bank of Canada boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Evercore ISI raised their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Finally, Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average target price of $168.90.

Mid-America Apartment Communities Stock Up 0.4 %

MAA stock opened at $165.93 on Friday. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities has a 1-year low of $123.73 and a 1-year high of $173.38. The firm has a fifty day moving average price of $159.61 and a two-hundred day moving average price of $157.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Research analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several large investors have recently modified their holdings of MAA. CoreCap Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 112 shares during the last quarter. IFP Advisors Inc lifted its stake in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. Quarry LP acquired a new position in shares of Mid-America Apartment Communities in the third quarter worth about $45,000. Headlands Technologies LLC purchased a new position in shares of Mid-America Apartment Communities in the fourth quarter worth approximately $46,000. Finally, UMB Bank n.a. increased its position in shares of Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 75 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

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.