Mid-America Apartment Communities (NYSE:MAA) PT Raised to $174.00 at Scotiabank

Mid-America Apartment Communities (NYSE:MAA) had its price objective boosted by analysts at Scotiabank from $161.00 to $174.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential upside of 4.10% from the stock’s current price.

A number of other brokerages have also recently weighed in on MAA. Royal Bank of Canada lifted their price target on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. JMP Securities lifted their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Wedbush increased their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. BNP Paribas started coverage on Mid-America Apartment Communities in a report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective on the stock. Finally, Truist Financial boosted their price objective on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and an average target price of $159.91.

Mid-America Apartment Communities Trading Up 0.6 %

Shares of NYSE:MAA traded up $0.97 during mid-day trading on Monday, reaching $167.15. The stock had a trading volume of 205,606 shares, compared to its average volume of 762,330. The firm has a market cap of $19.54 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. The firm has a 50 day simple moving average of $151.42 and a two-hundred day simple moving average of $139.75. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities has a twelve month low of $115.56 and a twelve month high of $167.39.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of large investors have recently modified their holdings of MAA. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $26,000. EdgeRock Capital LLC acquired a new position in Mid-America Apartment Communities in the 2nd quarter valued at about $26,000. Mather Group LLC. bought a new position in Mid-America Apartment Communities in the 1st quarter valued at about $32,000. Versant Capital Management Inc lifted its position in Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 108 shares during the last quarter. 93.60% 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 (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.