Mid-America Apartment Communities Now Covered by Oppenheimer (MAA)
Stock analysts at Oppenheimer started coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Several other analysts have also recently commented on the stock. 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, July 10th. 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $70.80.
Mid-America Apartment Communities (NYSE:MAA) traded up 0.10% on Tuesday, hitting $73.48. The stock had a trading volume of 455,987 shares. Mid-America Apartment Communities has a 1-year low of $59.23 and a 1-year high of $74.38. The stock’s 50-day moving average is $72.49 and its 200-day moving average is $68.77. The company has a market cap of $5.512 billion and a price-to-earnings ratio of 39.94.
Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.03. Analysts expect that Mid-America Apartment Communities will post $5.16 EPS 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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