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Research analysts at Capital One Financial Corp. began coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a report released on Tuesday. The firm set an “overweight” rating and a $78.00 price target on the stock. Capital One Financial Corp.’s target price points to a potential upside of 7.85% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Mizuho initiated coverage on shares of Mid-America Apartment Communities in a research note on Monday, August 25th. 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $74.00.

Mid-America Apartment Communities (NYSE:MAA) opened at 72.27 on Tuesday. 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. and a 200-day moving average of $70.46. The company has a market cap of $5.434 billion and a P/E ratio of 59.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.18 earnings per share for the quarter, missing the analysts’ 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 last 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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