Mid-America Apartment Communities (NYSE:MAA) has been given a $91.00 price objective by equities researchers at Mizuho in a research report issued on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 3.70% from the stock’s current price.

Several other research firms also recently commented on MAA. JMP Securities downgraded shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Thursday, October 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a report on Friday, November 10th. BMO Capital Markets downgraded shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 price target for the company. in a report on Monday, November 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Mid-America Apartment Communities presently has an average rating of “Buy” and an average price target of $106.15.

Mid-America Apartment Communities (MAA) opened at $87.75 on Friday. Mid-America Apartment Communities has a 1-year low of $85.30 and a 1-year high of $110.95. The company has a market cap of $10,250.00, a PE ratio of 30.68, a price-to-earnings-growth ratio of 2.01 and a beta of 0.28.

In other news, Director William Reid Sanders acquired 4,100 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $90.98 per share, with a total value of $373,018.00. Following the completion of the purchase, the director now directly owns 13,109 shares in the company, valued at $1,192,656.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders purchased 4,216 shares of company stock valued at $382,935. 1.25% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gilman Hill Asset Management LLC lifted its stake in Mid-America Apartment Communities by 9.2% in the third quarter. Gilman Hill Asset Management LLC now owns 6,193 shares of the real estate investment trust’s stock worth $662,000 after purchasing an additional 520 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Mid-America Apartment Communities by 41.9% in the third quarter. Janus Henderson Group PLC now owns 802,899 shares of the real estate investment trust’s stock worth $85,813,000 after purchasing an additional 237,268 shares during the last quarter. Toronto Dominion Bank lifted its stake in Mid-America Apartment Communities by 12.0% in the third quarter. Toronto Dominion Bank now owns 43,113 shares of the real estate investment trust’s stock worth $4,607,000 after purchasing an additional 4,610 shares during the last quarter. Forsta AP Fonden lifted its stake in Mid-America Apartment Communities by 35.0% in the third quarter. Forsta AP Fonden now owns 47,100 shares of the real estate investment trust’s stock worth $5,034,000 after purchasing an additional 12,200 shares during the last quarter. Finally, Brookfield Asset Management Inc. bought a new stake in Mid-America Apartment Communities in the second quarter worth about $158,747,000. 92.95% of the stock is owned by institutional investors and hedge funds.

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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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