Barclays Lowers Mid-America Apartment Communities (NYSE:MAA) Price Target to $152.00

Mid-America Apartment Communities (NYSE:MAAGet Free Report) had its price target reduced by investment analysts at Barclays from $166.00 to $152.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target indicates a potential upside of 2.44% from the stock’s previous close.

Several other research firms have also recently commented on MAA. Raymond James upgraded Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price on the stock in a research note on Monday, October 21st. Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $159.50 to $168.00 in a research report on Friday. StockNews.com lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a report on Tuesday, December 17th. Finally, Royal Bank of Canada dropped their price target on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $166.00.

Get Our Latest Report on MAA

Mid-America Apartment Communities Stock Up 1.0 %

Shares of NYSE MAA opened at $148.38 on Friday. Mid-America Apartment Communities has a 52-week low of $121.51 and a 52-week high of $167.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $17.34 billion, a P/E ratio of 33.49, a P/E/G ratio of 2.37 and a beta of 0.91. The firm has a 50 day moving average price of $155.13 and a 200 day moving average price of $154.50.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm had revenue of $551.13 million during the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. Mid-America Apartment Communities’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. Analysts expect that Mid-America Apartment Communities will post 8.89 EPS for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently added to or reduced their stakes in MAA. State Street Corp lifted its position in shares of Mid-America Apartment Communities by 0.9% during the 3rd quarter. State Street Corp now owns 7,731,712 shares of the real estate investment trust’s stock valued at $1,228,569,000 after acquiring an additional 65,696 shares during the period. Geode Capital Management LLC raised its stake in Mid-America Apartment Communities by 1.6% in the third quarter. Geode Capital Management LLC now owns 3,141,138 shares of the real estate investment trust’s stock valued at $497,624,000 after purchasing an additional 48,168 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Mid-America Apartment Communities by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,355,585 shares of the real estate investment trust’s stock worth $215,402,000 after purchasing an additional 39,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Mid-America Apartment Communities by 516.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after buying an additional 899,960 shares in the last quarter. Finally, Long Pond Capital LP increased its holdings in Mid-America Apartment Communities by 550.9% in the 2nd quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock valued at $92,270,000 after buying an additional 547,607 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

(Get Free Report)

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

Read More

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

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.