Traders bought shares of Mid-America Apartment Communities Inc. (NYSE:MAA) on weakness during trading on Friday. $41.31 million flowed into the stock on the tick-up and $21.95 million flowed out of the stock on the tick-down, for a money net flow of $19.36 million into the stock. Of all stocks tracked, Mid-America Apartment Communities had the 4th highest net in-flow for the day. Mid-America Apartment Communities traded down ($0.61) for the day and closed at $93.77

A number of analysts have recently commented on the company. Cantor Fitzgerald restated a “buy” rating and issued a $99.00 target price on shares of Mid-America Apartment Communities in a research note on Sunday, June 5th. Zacks Investment Research downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, August 16th. BMO Capital Markets restated a “buy” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, May 4th. Finally, SunTrust Banks Inc. restated a “hold” rating and issued a $110.00 target price (up previously from $103.00) on shares of Mid-America Apartment Communities in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $101.03.

The company’s 50 day moving average is $102.12 and its 200-day moving average is $99.54. The company has a market capitalization of $7.08 billion and a PE ratio of 31.69.

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

A number of large investors have made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in shares of 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 in the last quarter. Bank of Montreal Can raised its stake in shares of 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 in the last quarter. Finally, KBC Group NV raised its stake 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 worth $1,504,000 after buying an additional 774 shares in the last quarter.

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