BMO Capital Markets Issues Pessimistic Forecast for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its price target dropped by equities research analysts at BMO Capital Markets from $157.00 to $155.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price would indicate a potential upside of 2.37% from the company’s previous close.

Several other equities research analysts also recently commented on MAA. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a report on Monday, October 21st. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reduced their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $166.29.

Mid-America Apartment Communities Stock Up 0.6 %

Shares of Mid-America Apartment Communities stock traded up $0.89 during trading on Tuesday, reaching $151.41. The stock had a trading volume of 69,911 shares, compared to its average volume of 561,950. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.41 and a beta of 0.91. The stock has a fifty day moving average price of $156.01 and a two-hundred day moving average price of $154.35. Mid-America Apartment Communities has a 52 week low of $121.51 and a 52 week high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The firm had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. Sell-side analysts predict that Mid-America Apartment Communities will post 8.89 EPS for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in Mid-America Apartment Communities during the third quarter worth $25,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth about $37,000. Quarry LP acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $45,000. Finally, UMB Bank n.a. boosted its position in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 75 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.