Mid-America Apartment Communities Inc. (NYSE:MAA) shares saw strong trading volume on Monday . 1,947,542 shares traded hands during trading, an increase of 302% from the previous session’s volume of 484,957 shares.The stock last traded at $96.42 and had previously closed at $102.15.

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $99.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, June 5th. Zacks Investment Research cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $115.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday. BMO Capital Markets reissued a “buy” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, May 4th. Finally, Jefferies Group cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $104.00 price target on the stock. in a research report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $101.16.

The firm has a market cap of $7.04 billion and a price-to-earnings ratio of 31.485. The stock has a 50-day moving average price of $104.96 and a 200 day moving average price of $99.40.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.08. The business had revenue of $272.20 million for the quarter, compared to the consensus estimate of $272.71 million. Mid-America Apartment Communities’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 EPS. Equities research analysts predict that Mid-America Apartment Communities Inc. will post $5.92 EPS for the current year.

A number of institutional investors have added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in Mid-America Apartment Communities by 9.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 11,461 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 1,011 shares during the period. KBC Group NV raised its stake in Mid-America Apartment Communities by 4.9% in the fourth quarter. KBC Group NV now owns 16,560 shares of the real estate investment trust’s stock valued at $1,504,000 after buying an additional 774 shares during the period. Bank of Montreal Can raised its stake in Mid-America Apartment Communities by 17.8% in the fourth quarter. Bank of Montreal Can now owns 107,488 shares of the real estate investment trust’s stock valued at $9,761,000 after buying an additional 16,220 shares during the period. Wells Fargo & Company MN raised its stake in Mid-America Apartment Communities by 70.7% in the fourth quarter. Wells Fargo & Company MN now owns 141,552 shares of the real estate investment trust’s stock valued at $12,854,000 after buying an additional 58,636 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Mid-America Apartment Communities by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,840 shares of the real estate investment trust’s stock valued at $86,075,000 after buying an additional 25,439 shares during the period.

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