Investors purchased shares of Mid-America Apartment Communities Inc. (NYSE:MAA) on weakness during trading hours 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 companies 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

MAA has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating on shares of Mid-America Apartment Communities in a report on Wednesday, May 4th. Zacks Investment Research lowered shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Jefferies Group reiterated a “hold” rating and issued a $104.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, May 5th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Mid-America Apartment Communities in a report on Thursday, May 5th. Finally, SunTrust Banks Inc. reiterated a “hold” rating and issued a $110.00 price target (up previously from $103.00) on shares of Mid-America Apartment Communities in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target of $101.03.

The company has a market capitalization of $7.08 billion and a P/E ratio of 31.69. The firm has a 50 day moving average of $102.12 and a 200-day moving average of $99.54.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share 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 in the prior year, the company posted $1.36 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that Mid-America Apartment Communities Inc. will post $5.92 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. KBC Group NV increased 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 in the last quarter. 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 valued at $12,854,000 after buying an additional 58,636 shares in the last quarter. Finally, 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 valued at $9,761,000 after buying an additional 16,220 shares in the last quarter.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.