Mid-America Apartment Communities (NYSE:MAA) Upgraded to “Hold” at BNP Paribas Exane

Mid-America Apartment Communities (NYSE:MAA) was upgraded by research analysts at BNP Paribas Exane from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of 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. Truist Financial raised their price target on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Citigroup reaffirmed a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. Wells Fargo & Company upped their price objective on shares of Mid-America Apartment Communities from $140.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Barclays increased their target price on shares of Mid-America Apartment Communities from $139.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.38.

Mid-America Apartment Communities Trading Down 0.3%

Mid-America Apartment Communities stock opened at $131.90 on Tuesday. The firm has a market cap of $15.30 billion, a PE ratio of 38.57 and a beta of 0.73. Mid-America Apartment Communities has a 12 month low of $120.30 and a 12 month high of $146.41. The stock’s 50 day simple moving average is $135.74 and its two-hundred day simple moving average is $131.64. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02.

Insider Transactions at Mid-America Apartment Communities

In related news, Director Tamara D. Fischer purchased 1,100 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average price of $128.55 per share, with a total value of $141,405.00. Following the purchase, the director owned 1,100 shares of the company’s stock, valued at $141,405. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors have recently modified their holdings of MAA. Physician Wealth Advisors Inc. increased its stake in shares of Mid-America Apartment Communities by 65.2% during the fourth 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 raised its position in shares of Mid-America Apartment Communities by 593.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new position in Mid-America Apartment Communities in the 4th quarter valued at about $32,000. Measured Wealth Private Client Group LLC purchased a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $33,000. Finally, Root Financial Partners LLC boosted its holdings in Mid-America Apartment Communities by 3,100.0% in the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

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.