Mid-America Apartment Communities Receives Average Recommendation of “Hold” from Analysts (NYSE:MAA)
Mid-America Apartment Communities (NYSE:MAA) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, AR Network reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $73.20.
Mid-America Apartment Communities (NYSE:MAA) opened at 71.87 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 $72.28 and its 200-day moving average is $70.42. The company has a market cap of $5.404 billion and a P/E ratio of 59.03.
Mid-America Apartment Communities (NYSE:MAA) last released its earnings data 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. On average, analysts predict that Mid-America Apartment Communities will post $4.88 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MAA shares. 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.
Mid-America Apartment Communities, Inc (NYSE:MAA) is a self-administered and self-managed real estate investment trust (REIT).
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