Jefferies Group Trims Mid-America Apartment Communities Target Price to $72.00 (MAA)
Investment analysts at Jefferies Group decreased their price objective on shares of Mid-America Apartment Communities (NYSE:MAA) from $79.00 to $72.00 in a note issued to investors on Monday. Jefferies Group’s target price would suggest a potential upside of 1.45% from the company’s current price.
A number of other firms have also recently commented on MAA. Analysts at RBC Capital cut their price target on shares of Mid-America Apartment Communities from $72.00 to $71.00 in a research note on Monday, August 11th. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.50.
Shares of Mid-America Apartment Communities (NYSE:MAA) opened at 70.97 on Monday. Mid-America Apartment Communities has a 52 week low of $59.23 and a 52 week high of $75.09. The stock’s 50-day moving average is $72.50 and its 200-day moving average is $69.93. The company has a market cap of $5.337 billion and a price-to-earnings ratio of 58.21.
Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, July 30th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by $0.07. The company had revenue of $244.49 million for the quarter, compared to the consensus estimate of $246.79 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 85.7% on a year-over-year basis. Analysts expect that Mid-America Apartment Communities will post $4.99 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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