Mid-America Apartment Communities, Inc. (NYSE:MAA)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank Of Canada in a research report issued on Wednesday. They currently have a $112.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 7.32% from the stock’s previous close.

Several other analysts have also recently commented on MAA. UBS AG cut shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price target on the stock. in a research note on Thursday, July 6th. BMO Capital Markets reissued a “buy” rating and set a $105.00 price target on shares of Mid-America Apartment Communities in a research note on Thursday, July 27th. BidaskClub cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Wednesday, July 12th. Finally, Barclays PLC decreased their price target on shares of Mid-America Apartment Communities from $117.00 to $116.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $108.83.

Shares of Mid-America Apartment Communities (NYSE MAA) opened at 104.36 on Wednesday. The company has a market cap of $11.86 billion, a PE ratio of 48.25 and a beta of 0.35. The company’s 50-day moving average price is $104.11 and its 200 day moving average price is $101.40. Mid-America Apartment Communities has a one year low of $85.04 and a one year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The business had revenue of $382.80 million for the quarter, compared to analysts’ expectations of $382.17 million. During the same period in the prior year, the firm earned $1.54 earnings per share. Mid-America Apartment Communities’s revenue was up 40.6% compared to the same quarter last year. Equities analysts forecast that Mid-America Apartment Communities will post $1.73 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of MAA. State Street Corp raised its stake in Mid-America Apartment Communities by 2.0% in the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock valued at $684,403,000 after buying an additional 134,757 shares during the period. Retirement Systems of Alabama raised its stake in Mid-America Apartment Communities by 295.1% in the second quarter. Retirement Systems of Alabama now owns 216,868 shares of the real estate investment trust’s stock valued at $22,854,000 after buying an additional 161,982 shares during the period. Macquarie Group Ltd. raised its stake in Mid-America Apartment Communities by 88.8% in the fourth quarter. Macquarie Group Ltd. now owns 59,012 shares of the real estate investment trust’s stock valued at $5,778,000 after buying an additional 27,752 shares during the period. Pictet Asset Management Ltd. raised its stake in Mid-America Apartment Communities by 7.3% in the first quarter. Pictet Asset Management Ltd. now owns 63,101 shares of the real estate investment trust’s stock valued at $6,420,000 after buying an additional 4,300 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in Mid-America Apartment Communities by 5.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 91,366 shares of the real estate investment trust’s stock valued at $9,296,000 after buying an additional 4,824 shares during the period. Institutional investors own 92.30% of the company’s stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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