Capital One Financial reissued their equal weight rating on shares of Mid-America Apartment Communities (NYSE:MAA) in a research report released on Monday morning, Zacks.com reports. Capital One Financial also issued estimates for Mid-America Apartment Communities’ Q3 2019 earnings at $1.57 EPS, Q4 2019 earnings at $1.65 EPS, FY2019 earnings at $6.37 EPS, Q1 2020 earnings at $1.61 EPS, Q2 2020 earnings at $1.62 EPS, Q3 2020 earnings at $1.65 EPS, Q4 2020 earnings at $1.74 EPS, FY2020 earnings at $6.62 EPS, Q1 2021 earnings at $1.71 EPS, Q2 2021 earnings at $1.71 EPS and FY2021 earnings at $6.98 EPS.

Several other equities analysts have also weighed in on MAA. Scotiabank lowered shares of Mid-America Apartment Communities from a sector perform rating to a sector underperform rating and dropped their price objective for the company from $114.00 to $107.00 in a report on Tuesday, July 9th. KeyCorp upped their price objective on shares of Mid-America Apartment Communities from $112.00 to $125.00 and gave the company an overweight rating in a report on Wednesday, July 10th. Barclays upped their price objective on shares of Mid-America Apartment Communities from $127.00 to $133.00 and gave the company an overweight rating in a report on Wednesday, August 28th. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a hold rating to a buy rating and set a $121.00 price objective on the stock in a report on Tuesday, May 28th. Finally, Royal Bank of Canada upped their target price on shares of Mid-America Apartment Communities from $110.00 to $120.00 and gave the stock an outperform rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $116.54.

Shares of NYSE MAA opened at $129.82 on Monday. The firm’s 50-day moving average price is $125.34 and its 200-day moving average price is $116.15. Mid-America Apartment Communities has a 1-year low of $91.21 and a 1-year high of $130.33. The firm has a market capitalization of $14.75 billion, a P/E ratio of 21.49, a P/E/G ratio of 5.22 and a beta of 0.36. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.72.

In related news, Director David P. Stockert sold 2,047 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $120.84, for a total value of $247,359.48. Following the sale, the director now owns 65,240 shares in the company, valued at approximately $7,883,601.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Advisor Partners LLC increased its stake in Mid-America Apartment Communities by 2.5% in the 2nd quarter. Advisor Partners LLC now owns 4,154 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 101 shares during the last quarter. ETRADE Capital Management LLC increased its stake in Mid-America Apartment Communities by 1.0% in the 2nd quarter. ETRADE Capital Management LLC now owns 10,557 shares of the real estate investment trust’s stock valued at $1,243,000 after buying an additional 102 shares during the last quarter. Advisory Services Network LLC increased its stake in Mid-America Apartment Communities by 11.2% in the 2nd quarter. Advisory Services Network LLC now owns 1,080 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 109 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in Mid-America Apartment Communities by 0.5% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 25,861 shares of the real estate investment trust’s stock valued at $3,045,000 after buying an additional 128 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its stake in Mid-America Apartment Communities by 1.0% in the 1st quarter. Anchor Capital Advisors LLC now owns 13,402 shares of the real estate investment trust’s stock valued at $1,465,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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

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