Mid-America Apartment Communities Inc (MAA) Given Consensus Rating of “Hold” by Brokerages

Mid-America Apartment Communities Inc (NYSE:MAA) has received a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $101.89.

Several equities analysts have commented on MAA shares. Barclays reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, November 28th. Capital One Financial started coverage on shares of Mid-America Apartment Communities in a research report on Monday, October 22nd. They set an “equal weight” rating and a $101.50 price objective for the company. Citigroup set a $105.00 price objective on shares of Mid-America Apartment Communities and gave the company a “hold” rating in a research report on Monday, November 5th. Robert W. Baird reiterated a “buy” rating and set a $105.00 price objective on shares of Mid-America Apartment Communities in a research report on Thursday, August 16th. Finally, Scotiabank assumed coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, October 16th. They issued a “sector perform” rating on the stock.

MAA stock traded down $0.17 during trading on Monday, hitting $103.39. 655,833 shares of the company’s stock traded hands, compared to its average volume of 662,749. Mid-America Apartment Communities has a 52 week low of $85.16 and a 52 week high of $104.98. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $11.79 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.31.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($1.04). Mid-America Apartment Communities had a net margin of 18.20% and a return on equity of 4.36%. The business had revenue of $397.10 million for the quarter, compared to the consensus estimate of $393.76 million. During the same quarter last year, the business earned $1.50 EPS. Mid-America Apartment Communities’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Mid-America Apartment Communities will post 6.04 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Mid-America Apartment Communities by 0.9% in the third quarter. BlackRock Inc. now owns 11,121,144 shares of the real estate investment trust’s stock valued at $1,114,119,000 after acquiring an additional 95,675 shares during the period. OppenheimerFunds Inc. increased its stake in Mid-America Apartment Communities by 3.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,524,935 shares of the real estate investment trust’s stock worth $254,185,000 after buying an additional 73,200 shares during the period. Deutsche Bank AG increased its stake in Mid-America Apartment Communities by 17.8% in the 3rd quarter. Deutsche Bank AG now owns 2,376,730 shares of the real estate investment trust’s stock worth $238,097,000 after buying an additional 358,406 shares during the period. Dimensional Fund Advisors LP increased its stake in Mid-America Apartment Communities by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,764,302 shares of the real estate investment trust’s stock worth $177,615,000 after buying an additional 21,184 shares during the period. Finally, Cbre Clarion Securities LLC increased its stake in Mid-America Apartment Communities by 490.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 1,670,247 shares of the real estate investment trust’s stock worth $168,144,000 after buying an additional 1,387,389 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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