BTIG Research upgraded shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) from a neutral rating to a buy rating in a research report report published on Friday morning, Marketbeat Ratings reports. BTIG Research currently has $116.00 target price on the real estate investment trust’s stock.

MAA has been the topic of several other research reports. BidaskClub upgraded Mid-America Apartment Communities from a buy rating to a strong-buy rating in a report on Tuesday, June 20th. UBS AG lowered Mid-America Apartment Communities from a buy rating to a neutral rating and set a $107.00 price target on the stock. in a report on Thursday, July 6th. Royal Bank Of Canada restated a buy rating and set a $112.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday, August 9th. Zacks Investment Research lowered Mid-America Apartment Communities from a buy rating to a hold rating in a report on Monday, July 17th. Finally, Barclays PLC decreased their price target on Mid-America Apartment Communities from $117.00 to $116.00 and set an overweight rating on the stock in a report on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $109.75.

Mid-America Apartment Communities (MAA) opened at 107.94 on Friday. The stock has a 50 day moving average of $105.21 and a 200 day moving average of $102.98. The company has a market cap of $12.26 billion, a PE ratio of 49.90 and a beta of 0.35. Mid-America Apartment Communities has a one year low of $85.04 and a one year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. During the same quarter in the prior year, the firm posted $1.54 EPS. Mid-America Apartment Communities’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, analysts anticipate that Mid-America Apartment Communities will post $1.69 earnings per share for the current fiscal year.

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In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total value of $730,768.48. Following the sale, the director now owns 77,180 shares in the company, valued at $8,207,321.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.25% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. ING Groep NV grew its position in shares of Mid-America Apartment Communities by 0.4% during the 2nd quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 22 shares in the last quarter. United Capital Financial Advisers LLC grew its position in shares of Mid-America Apartment Communities by 1.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 4,057 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 45 shares in the last quarter. BB&T Corp grew its position in shares of Mid-America Apartment Communities by 0.9% during the 2nd quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 47 shares in the last quarter. Cleararc Capital Inc. grew its position in shares of Mid-America Apartment Communities by 1.9% during the 1st quarter. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 53 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Mid-America Apartment Communities by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock worth $809,000 after buying an additional 58 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

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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