Mid-America Apartment Communities Given Average Rating of “Hold” by Brokerages (NYSE:MAA)
Mid-America Apartment Communities (NYSE:MAA) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, AR Network reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $73.20.
Several analysts have recently commented on the stock. Analysts at Mizuho initiated coverage on shares of Mid-America Apartment Communities in a research note on Monday. They set a “buy” rating and a $80.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Mid-America Apartment Communities from $79.00 to $72.00 in a research note on Monday, August 18th. They now have a “hold” rating on the stock. Finally, 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.
Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 0.14% on Monday, hitting $71.79. The stock had a trading volume of 56,545 shares. Mid-America Apartment Communities has a 52 week low of $59.23 and a 52 week high of $75.09. The stock has a 50-day moving average of $72.3 and a 200-day moving average of $70.24. The company has a market cap of $5.398 billion and a price-to-earnings ratio of 58.86.
Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.18 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.27 earnings per share. Mid-America Apartment Communities’s revenue was up 85.7% compared to the same quarter last year. On average, analysts predict that Mid-America Apartment Communities will post $4.88 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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