Mid-America Apartment Communities (NYSE:MAA) Earns “Market Outperform” Rating from JMP Securities

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research report issued on Friday,Benzinga reports. They currently have a $160.00 target price on the real estate investment trust’s stock. JMP Securities’ price objective would suggest a potential upside of 7.10% from the stock’s current price.

A number of other equities analysts also recently commented on MAA. Scotiabank reduced their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Tuesday, December 17th. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research note on Monday, October 21st. Barclays assumed coverage on Mid-America Apartment Communities in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $166.00 price objective for the company. Finally, Mizuho reduced their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus price target of $166.92.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded up $0.06 during mid-day trading on Friday, reaching $149.40. 132,295 shares of the company traded hands, compared to its average volume of 518,503. The company’s 50 day moving average price is $156.67 and its 200-day moving average price is $153.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a 52 week low of $121.51 and a 52 week high of $167.39. The firm has a market cap of $17.46 billion, a PE ratio of 33.72, a PEG ratio of 2.53 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. During the same period in the previous year, the company posted $2.29 EPS. Mid-America Apartment Communities’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Mid-America Apartment Communities will post 8.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $25,000. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $32,000. Catalyst Capital Advisors LLC bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $37,000. Quarry LP bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 252.3% in the second quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 280 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

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