Mid-America Apartment Communities (NYSE:MAA) Upgraded by Scotiabank to “Sector Outperform” Rating

Mid-America Apartment Communities (NYSE:MAA) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research note issued on Friday,Briefing.com Automated Import reports. The firm presently has a $182.00 price target on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 15.98% from the stock’s current price.

MAA has been the subject of several other reports. Wells Fargo & Company cut their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Tuesday, December 17th. Barclays lowered their target price on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI raised their target price on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday. Finally, StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.45.

Mid-America Apartment Communities Trading Up 0.7 %

Mid-America Apartment Communities stock opened at $156.92 on Friday. The firm has a 50-day moving average of $153.31 and a 200-day moving average of $155.60. Mid-America Apartment Communities has a one year low of $123.23 and a one year high of $167.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. The company has a market cap of $18.34 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 2.56 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, equities analysts expect that Mid-America Apartment Communities will post 8.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds and other institutional investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $2,890,000. Swedbank AB grew its position in Mid-America Apartment Communities by 2.6% in the 3rd quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock worth $32,350,000 after purchasing an additional 5,178 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Mid-America Apartment Communities by 2.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock valued at $28,711,000 after buying an additional 4,301 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $4,304,000. Finally, Capital Investment Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after buying an additional 12,454 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.