Mid-America Apartment Communities (NYSE:MAA) Stock Rating Upgraded by Jefferies Financial Group

Mid-America Apartment Communities (NYSE:MAA) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has a $190.00 price target on the real estate investment trust’s stock, up from their prior price target of $148.00. Jefferies Financial Group’s target price would suggest a potential upside of 14.25% from the stock’s current price.

MAA has been the subject of several other research reports. JMP Securities reissued a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $159.50 to $168.00 in a research note on Friday, January 24th. StockNews.com upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, Barclays boosted their price target on shares of Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average price target of $168.10.

Mid-America Apartment Communities Stock Down 0.3 %

Shares of MAA opened at $166.31 on Monday. The business’s 50 day moving average is $155.87 and its 200 day moving average is $157.24. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities has a 12-month low of $123.73 and a 12-month high of $173.38. The company has a market capitalization of $19.44 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Research analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Institutional investors and hedge funds have recently made changes to their positions in the business. Inspire Investing LLC lifted its holdings in Mid-America Apartment Communities by 0.9% during the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 68 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 69 shares during the period. Huntington National Bank grew its stake in Mid-America Apartment Communities by 6.4% in the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 70 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in Mid-America Apartment Communities by 1.6% during the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 75 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.