Mid-America Apartment Communities, Inc. (NYSE:MAA) has been assigned an average rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $109.18.

Several equities research analysts have commented on the company. ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Friday. BTIG Research raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Friday. Stifel Nicolaus started coverage on Mid-America Apartment Communities in a report on Thursday, August 31st. They set a “hold” rating and a $113.00 price target on the stock. BidaskClub raised Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $112.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday, August 9th.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total value of $730,768.48. Following the completion of the sale, the director now owns 77,180 shares in the company, valued at $8,207,321.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.25% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Mid-America Apartment Communities by 1.4% during the second quarter. Vanguard Group Inc. now owns 20,004,797 shares of the real estate investment trust’s stock worth $2,108,105,000 after purchasing an additional 280,900 shares in the last quarter. BlackRock Inc. grew its position in shares of Mid-America Apartment Communities by 1.7% during the second quarter. BlackRock Inc. now owns 10,441,227 shares of the real estate investment trust’s stock worth $1,100,295,000 after purchasing an additional 176,128 shares in the last quarter. State Street Corp grew its position in shares of Mid-America Apartment Communities by 2.0% during the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock worth $684,403,000 after purchasing an additional 134,757 shares in the last quarter. APG Asset Management US Inc. grew its position in shares of Mid-America Apartment Communities by 7.7% during the second quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock worth $383,521,000 after purchasing an additional 260,897 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Mid-America Apartment Communities by 90.7% during the second quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock worth $253,615,000 after purchasing an additional 1,144,768 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 0.85% during trading on Friday, reaching $107.94. The company’s stock had a trading volume of 845,630 shares. The stock’s 50 day moving average is $105.21 and its 200 day moving average is $102.98. The firm has a market cap of $12.26 billion, a P/E ratio of 49.90 and a beta of 0.35. Mid-America Apartment Communities has a one year low of $85.04 and a one year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The business had revenue of $382.80 million for the quarter, compared to the consensus estimate of $382.17 million. During the same period in the previous year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities analysts forecast that Mid-America Apartment Communities will post $1.69 EPS for the current fiscal year.

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About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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