Jefferies Group reaffirmed their hold rating on shares of Mid-America Apartment Communities (NYSE:MAA) in a report issued on Monday morning. They currently have a $99.00 price target on the real estate investment trust’s stock. Jefferies Group also issued estimates for Mid-America Apartment Communities’ Q1 2018 earnings at $1.47 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.51 EPS, Q4 2018 earnings at $1.58 EPS, FY2018 earnings at $6.05 EPS, FY2019 earnings at $6.55 EPS and FY2020 earnings at $6.91 EPS.
MAA has been the subject of a number of other reports. SunTrust Banks set a $102.00 price target on Mid-America Apartment Communities and gave the stock a buy rating in a report on Monday, January 22nd. JMP Securities lowered Mid-America Apartment Communities from an outperform rating to a market perform rating in a report on Thursday, October 19th. Mizuho reiterated a hold rating and set a $106.00 price target on shares of Mid-America Apartment Communities in a report on Sunday, October 15th. Zacks Investment Research lowered Mid-America Apartment Communities from a hold rating to a sell rating in a report on Friday, January 12th. Finally, Stifel Nicolaus cut their price target on Mid-America Apartment Communities from $113.00 to $100.00 and set a hold rating for the company in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $107.62.
Mid-America Apartment Communities (NYSE:MAA) opened at $87.93 on Monday. Mid-America Apartment Communities has a 1-year low of $86.95 and a 1-year high of $110.95. The company has a market capitalization of $10,101.44, a P/E ratio of 31.27, a PEG ratio of 2.08 and a beta of 0.28.
In other news, Director William Reid Sanders bought 4,100 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average cost of $90.98 per share, for a total transaction of $373,018.00. Following the completion of the purchase, the director now owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 4,216 shares of company stock valued at $382,935 over the last 90 days. 1.25% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Group One Trading L.P. bought a new stake in Mid-America Apartment Communities in the third quarter valued at $209,000. Conning Inc. bought a new stake in Mid-America Apartment Communities in the fourth quarter valued at $211,000. IFM Investors Pty Ltd bought a new stake in Mid-America Apartment Communities in the third quarter valued at $217,000. Timber Hill LLC bought a new stake in Mid-America Apartment Communities in the third quarter valued at $218,000. Finally, Independent Advisor Alliance bought a new stake in Mid-America Apartment Communities in the third quarter valued at $227,000. Hedge funds and other institutional investors own 92.95% of the company’s stock.
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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