Mid-America Apartment Communities, Inc. (NYSE:MAA) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $112.00 target price on shares of Mid-America Apartment Communities in a research note on Wednesday, August 9th. BMO Capital Markets reiterated a “buy” rating and issued a $105.00 target price on shares of Mid-America Apartment Communities in a research note on Thursday, July 27th. Barclays PLC reduced their target price on Mid-America Apartment Communities from $117.00 to $116.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Zacks Investment Research lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, July 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $108.30.

Mid-America Apartment Communities (NYSE:MAA) opened at 107.09 on Friday. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 49.51 and a beta of 0.35. The company’s 50-day moving average is $103.62 and its 200 day moving average is $102.45. Mid-America Apartment Communities has a 52 week low of $85.04 and a 52 week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The business had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. During the same quarter last year, the firm posted $1.54 earnings per share. The business’s revenue was up 40.6% compared to the same quarter last year. On average, analysts forecast that Mid-America Apartment Communities will post $1.69 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its position in Mid-America Apartment Communities by 31.1% in the first quarter. Great West Life Assurance Co. Can now owns 138,768 shares of the real estate investment trust’s stock worth $14,108,000 after buying an additional 32,892 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Mid-America Apartment Communities by 3.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,989 shares of the real estate investment trust’s stock worth $3,662,000 after buying an additional 1,062 shares during the last quarter. Advisor Partners LLC increased its position in Mid-America Apartment Communities by 32.5% in the first quarter. Advisor Partners LLC now owns 4,028 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 987 shares during the last quarter. Quadrant Capital Management LLC increased its position in Mid-America Apartment Communities by 0.4% in the first quarter. Quadrant Capital Management LLC now owns 14,172 shares of the real estate investment trust’s stock worth $1,442,000 after buying an additional 50 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Mid-America Apartment Communities by 291.5% in the first quarter. Wells Fargo & Company MN now owns 946,211 shares of the real estate investment trust’s stock worth $96,267,000 after buying an additional 704,500 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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

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