Mid-America Apartment Communities Inc. (NYSE:MAA) dropped 1.2% on Thursday . The stock traded as low as $93.77 and last traded at $93.91, with a volume of 973,345 shares changing hands. The stock had previously closed at $95.02.

MAA has been the subject of several analyst reports. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $119.00 price target for the company in a research report on Friday, July 15th. Zacks Investment Research raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Wednesday, April 27th. Jefferies Group dropped their price target on shares of Mid-America Apartment Communities from $104.00 to $103.00 and set a “hold” rating for the company in a research report on Wednesday, June 8th. Citigroup Inc. increased their price target on shares of Mid-America Apartment Communities from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Mid-America Apartment Communities has an average rating of “Hold” and a consensus price target of $101.16.

The firm’s 50 day moving average price is $104.37 and its 200-day moving average price is $99.34. The stock has a market capitalization of $7.12 billion and a price-to-earnings ratio of 31.87.

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

Other hedge funds and institutional investors recently bought and sold shares of the company. Bank of Montreal Can boosted its position 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 worth $9,761,000 after buying an additional 16,220 shares during the last quarter. Wells Fargo & Company MN boosted its position 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 worth $12,854,000 after buying an additional 58,636 shares during the last quarter. BNP Paribas Arbitrage SA boosted 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 worth $1,041,000 after buying an additional 1,011 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $86,075,000 after buying an additional 25,439 shares during the last quarter. Finally, KBC Group NV boosted its position 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 worth $1,504,000 after buying an additional 774 shares during the last quarter.

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