Barclays Forecasts Strong Price Appreciation for Mid-America Apartment Communities (NYSE:MAA) Stock

Mid-America Apartment Communities (NYSE:MAA) had its price objective increased by research analysts at Barclays from $152.00 to $163.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 1.82% from the stock’s previous close.

MAA has been the subject of several other research reports. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. BMO Capital Markets reduced their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Finally, Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Mid-America Apartment Communities Stock Up 1.7 %

Shares of NYSE:MAA opened at $160.09 on Wednesday. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 3.66 and a beta of 0.91. The firm’s 50-day simple moving average is $153.22 and its 200-day simple moving average is $156.08. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities has a fifty-two week low of $123.23 and a fifty-two week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share 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%. As a group, equities research analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently bought and sold shares of MAA. Ashton Thomas Securities LLC purchased a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $25,000. Activest Wealth Management purchased a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $32,000. CoreCap Advisors LLC grew its holdings in Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 112 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $37,000. Finally, IFP Advisors Inc grew its holdings in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares during the period. 93.60% of the stock is currently owned by hedge funds and other 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.