Mid-America Apartment Communities (NYSE:MAA) PT Raised to $163.00 at Deutsche Bank Aktiengesellschaft

Mid-America Apartment Communities (NYSE:MAA) had its price objective raised by analysts at Deutsche Bank Aktiengesellschaft from $139.00 to $163.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 0.49% from the company’s previous close.

MAA has been the topic of several other reports. Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $144.00 to $189.00 in a report on Monday, August 12th. Mizuho increased their price target on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Scotiabank upped their price objective on shares of Mid-America Apartment Communities from $151.00 to $161.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $138.00 to $174.00 in a report on Monday, August 26th. Finally, Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $158.53.

Mid-America Apartment Communities Trading Up 1.2 %

Shares of MAA traded up $1.91 during trading hours on Tuesday, reaching $162.21. 175,185 shares of the company traded hands, compared to its average volume of 767,049. Mid-America Apartment Communities has a 12-month low of $115.56 and a 12-month high of $165.14. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average price is $149.42 and its 200 day moving average price is $138.64. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 3.55 and a beta of 0.88.

Institutional Trading of Mid-America Apartment Communities

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Mid-America Apartment Communities in the fourth quarter worth $713,500,000. Massachusetts Financial Services Co. MA raised its position in Mid-America Apartment Communities by 17.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after buying an additional 393,067 shares during the period. Blackstone Inc. grew its stake in Mid-America Apartment Communities by 1.0% during the 4th quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock valued at $277,507,000 after acquiring an additional 20,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mid-America Apartment Communities by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock valued at $244,803,000 after buying an additional 97,672 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Mid-America Apartment Communities by 2.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock worth $234,497,000 after acquiring an additional 44,621 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

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.