Headlines about Mid-America Apartment Communities (NYSE:MAA) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mid-America Apartment Communities earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.0978777789003 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
- Mid America Apartment Communities Inc.: MAA Announces Regular Quarterly Preferred Dividend (twst.com)
- Head to Head Contrast: Altisource Residential (RESI) versus Mid-America Apartment Communities (MAA) (americanbankingnews.com)
- Mid-America Apartment Communities (MAA) Stock Rating Lowered by UBS (americanbankingnews.com)
- Raymond James Financial Reaffirms Market Perform Rating for Mid-America Apartment Communities (MAA) (americanbankingnews.com)
Shares of Mid-America Apartment Communities (NYSE:MAA) traded up $0.40 during midday trading on Friday, hitting $102.84. The stock had a trading volume of 722,787 shares, compared to its average volume of 695,156. The stock has a market capitalization of $11,690.00, a PE ratio of 17.31, a PEG ratio of 2.48 and a beta of 0.34. Mid-America Apartment Communities has a one year low of $87.59 and a one year high of $110.95.
Several brokerages have issued reports on MAA. Stifel Nicolaus began coverage on Mid-America Apartment Communities in a research note on Thursday, August 31st. They issued a “hold” rating and a $113.00 target price on the stock. BidaskClub upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and issued a $112.00 target price on shares of Mid-America Apartment Communities in a research note on Wednesday, August 9th. Jefferies Group restated a “buy” rating and issued a $120.00 target price on shares of Mid-America Apartment Communities in a research note on Sunday, September 10th. Finally, Raymond James Financial restated a “market perform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $110.50.
In related news, Director William Reid Sanders purchased 7,000 shares of Mid-America Apartment Communities stock in a transaction dated Friday, October 27th. The stock was bought at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the transaction, the director now owns 8,209 shares in the company, valued at $821,802.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Stockert sold 6,872 shares of Mid-America Apartment Communities stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total value of $730,768.48. Following the completion of the transaction, the director now owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The disclosure for this sale can be found here. 1.25% of the stock is currently owned by insiders.
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.
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