Mid-America Apartment Communities Given Consensus Recommendation of “Hold” by Analysts (NYSE:MAA)
Mid-America Apartment Communities (NYSE:MAA) has been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, ARN reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $70.80.
A number of analysts have recently weighed in on MAA shares. Analysts at Morgan Stanley downgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “underweight” rating in a research note on Thursday. Separately, analysts at RBC Capital raised their price target on shares of Mid-America Apartment Communities from $68.00 to $72.00 in a research note on Tuesday, May 13th. Finally, analysts at Raymond James raised their price target on shares of Mid-America Apartment Communities from $76.00 to $78.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock.
Shares of Mid-America Apartment Communities (NYSE:MAA) opened at 72.47 on Thursday. Mid-America Apartment Communities has a 52 week low of $59.23 and a 52 week high of $73.49. The stock’s 50-day moving average is $72.1 and its 200-day moving average is $68.19. The company has a market cap of $5.436 billion and a price-to-earnings ratio of 39.35.
Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, April 30th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.03. On average, analysts predict that Mid-America Apartment Communities will post $5.15 earnings per share for the current fiscal year.
Mid-America Apartment Communities, Inc (NYSE:MAA) is a self-administered and self-managed real estate investment trust (REIT).
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