Mid-America Apartment Communities Now Covered by Analysts at Mizuho (MAA)
Equities researchers at Mizuho assumed coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $80.00 price target on the stock. Mizuho’s price target would indicate a potential upside of 11.59% from the stock’s previous close.
Shares of Mid-America Apartment Communities (NYSE:MAA) opened at 71.69 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 $72.3 and its 200-day moving average is $70.24. The company has a market cap of $5.391 billion and a price-to-earnings ratio of 59.32.
Mid-America Apartment Communities (NYSE:MAA) last announced its 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. The company’s quarterly revenue was up 85.7% on a year-over-year basis. On average, analysts predict that Mid-America Apartment Communities will post $4.88 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target of $73.20.
Mid-America Apartment Communities, Inc (NYSE:MAA) is a self-administered and self-managed real estate investment trust (REIT).