Cantor Fitzgerald Issues Positive Forecast for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its price objective boosted by research analysts at Cantor Fitzgerald from $132.00 to $140.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 5.42% from the company’s previous close.

A number of other research analysts have also commented on the company. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Morgan Stanley upped their price target on Mid-America Apartment Communities from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. began coverage on Mid-America Apartment Communities in a report on Thursday, July 16th. They issued a “neutral” rating and a $147.00 price target on the stock. Finally, Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.56.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $132.80 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50 day moving average price of $135.25 and a 200 day moving average price of $131.76. Mid-America Apartment Communities has a fifty-two week low of $120.30 and a fifty-two week high of $149.18. The stock has a market capitalization of $15.46 billion, a PE ratio of 38.83 and a beta of 0.73.

Insider Transactions at Mid-America Apartment Communities

In related news, Director Tamara D. Fischer bought 1,100 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the acquisition, the director owned 1,100 shares of the company’s stock, valued at approximately $141,405. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in MAA. Physician Wealth Advisors Inc. increased its holdings in Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Mid-America Apartment Communities by 593.1% during the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 172 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Mid-America Apartment Communities in the 4th quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at approximately $33,000. Finally, Root Financial Partners LLC boosted its position in Mid-America Apartment Communities by 3,100.0% during the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 279 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.