Mid-America Apartment Communities Inc. (NYSE:MAA) – Stock analysts at SunTrust Banks decreased their FY2016 earnings estimates for shares of Mid-America Apartment Communities in a research report issued to clients and investors on Sunday. SunTrust Banks analyst M. Lewis now forecasts that the brokerage will post earnings of $5.92 per share for the year, down from their prior estimate of $5.93. SunTrust Banks has a “Buy” rating and a $108.00 price objective on the stock.

Several other equities analysts also recently issued reports on the stock. BTIG Research assumed coverage on shares of Mid-America Apartment Communities in a report on Thursday, August 25th. They set a “neutral” rating for the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $115.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, August 16th. Jefferies Group downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and reduced their price target for the company from $115.00 to $109.00 in a report on Wednesday, August 10th. Citigroup Inc. boosted their price target on shares of Mid-America Apartment Communities from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Finally, Zacks Investment Research downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Mid-America Apartment Communities has a consensus rating of “Hold” and an average price target of $103.25.

Mid-America Apartment Communities (NYSE:MAA) traded up 0.36% during midday trading on Tuesday, hitting $94.61. 118,021 shares of the company’s stock traded hands. Mid-America Apartment Communities has a 52 week low of $78.72 and a 52 week high of $110.01. The company has a market capitalization of $7.15 billion, a PE ratio of 31.97 and a beta of 0.51. The company has a 50 day moving average of $96.79 and a 200-day moving average of $100.08.

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Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.08. Mid-America Apartment Communities had a net margin of 20.93% and a return on equity of 7.10%. The company had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $272.71 million. During the same period last year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.

A number of institutional investors have recently modified their holdings of MAA. Point72 Asia Hong Kong Ltd bought a new position in shares of Mid-America Apartment Communities during the second quarter worth $104,000. Synovus Financial Corp boosted its position in shares of Mid-America Apartment Communities by 58.8% in the second quarter. Synovus Financial Corp now owns 1,350 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 500 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in shares of Mid-America Apartment Communities during the second quarter worth $149,000. Bessemer Group Inc. boosted its position in shares of Mid-America Apartment Communities by 99.6% in the second quarter. Bessemer Group Inc. now owns 1,459 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 728 shares in the last quarter. Finally, Huntington Asset Advisors Inc. bought a new position in shares of Mid-America Apartment Communities during the first quarter worth $166,000. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

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