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

A number of equities research analysts have weighed in on MAA shares. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Wednesday, July 6th. BMO Capital Markets reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, May 4th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, May 5th. Cantor Fitzgerald restated a “buy” rating and issued a $99.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, June 5th. Finally, SunTrust Banks Inc. upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $101.03.

The firm has a 50 day moving average of $104.04 and a 200 day moving average of $99.34. The company has a market capitalization of $7.14 billion and a price-to-earnings ratio of 31.96.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.08. The company had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $272.71 million. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. Analysts expect that Mid-America Apartment Communities Inc. will post $5.92 earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently made changes to their positions in the company. KBC Group NV raised its position in shares of 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 last quarter. BNP Paribas Arbitrage SA increased its stake 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 period. Bank of Montreal Can increased 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 worth $9,761,000 after buying an additional 16,220 shares during the period. Dimensional Fund Advisors LP increased 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 worth $86,075,000 after buying an additional 25,439 shares during the period. Finally, Wells Fargo & Company MN increased 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 worth $12,854,000 after buying an additional 58,636 shares during the period.

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