Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives Average Rating of “Hold” from Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA) has received an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $157.03.

A number of research analysts have recently commented on MAA shares. Truist Financial boosted their target price on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. The Goldman Sachs Group initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday. They issued a “buy” rating and a $187.00 price objective on the stock. Wedbush lifted their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday, June 13th. Finally, Scotiabank lifted their price objective on Mid-America Apartment Communities from $151.00 to $161.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th.

Mid-America Apartment Communities Trading Down 1.0 %

NYSE MAA opened at $159.53 on Monday. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 3.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities has a one year low of $115.56 and a one year high of $165.14. The company’s 50 day moving average price is $149.03 and its 200 day moving average price is $138.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Mid-America Apartment Communities in the fourth quarter worth about $713,500,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Mid-America Apartment Communities by 188.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock worth $195,179,000 after acquiring an additional 949,171 shares during the period. Duquesne Family Office LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at approximately $91,868,000. Balyasny Asset Management L.P. increased its stake in shares of Mid-America Apartment Communities by 96.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock valued at $164,085,000 after acquiring an additional 600,547 shares during the period. Finally, Long Pond Capital LP raised its holdings in Mid-America Apartment Communities by 550.9% during the second quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock worth $92,270,000 after purchasing an additional 547,607 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

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.