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Mid-America Apartment Communities (NYSE:MAA) reached a new 52-week high on Monday , Analyst Ratings.Net reports. The company traded as high as $74.84 and last traded at $74.80, with a volume of 123,521 shares changing hands. The stock had previously closed at $74.20.

A number of research firms have recently commented on MAA. Analysts at Oppenheimer initiated coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, July 22nd. They set an “outperform” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.75.

The stock has a 50-day moving average of $72.59 and a 200-day moving average of $68.99. The company has a market cap of $5.598 billion and a P/E ratio of 40.37.

Mid-America Apartment Communities, Inc (NYSE:MAA) is a self-administered and self-managed real estate investment trust (REIT).

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