Mid-America Apartment Communities, Inc. (NYSE:MAA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities analysts have also recently weighed in on MAA. UBS AG cut shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price objective on the stock. in a research report on Thursday, July 6th. BidaskClub upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $112.00 price objective on shares of Mid-America Apartment Communities in a research report on Wednesday, August 9th. BTIG Research upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Friday. Finally, Stifel Nicolaus began coverage on shares of Mid-America Apartment Communities in a research report on Thursday, August 31st. They set a “hold” rating and a $113.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Mid-America Apartment Communities has an average rating of “Buy” and an average price target of $109.33.

Shares of Mid-America Apartment Communities (MAA) traded up 0.85% on Friday, hitting $107.94. The company’s stock had a trading volume of 845,630 shares. Mid-America Apartment Communities has a 52 week low of $85.04 and a 52 week high of $110.95. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 49.90 and a beta of 0.35. The stock’s 50 day moving average is $105.21 and its 200-day moving average is $102.98.

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

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

Large investors have recently modified their holdings of the business. State Street Corp boosted its stake in shares of Mid-America Apartment Communities by 2.0% during the 1st quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock valued at $684,403,000 after buying an additional 134,757 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Mid-America Apartment Communities by 295.1% during the 2nd quarter. Retirement Systems of Alabama now owns 216,868 shares of the real estate investment trust’s stock valued at $22,854,000 after buying an additional 161,982 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of Mid-America Apartment Communities by 7.3% during the 1st quarter. Pictet Asset Management Ltd. now owns 63,101 shares of the real estate investment trust’s stock valued at $6,420,000 after buying an additional 4,300 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Mid-America Apartment Communities by 5.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 91,366 shares of the real estate investment trust’s stock valued at $9,296,000 after buying an additional 4,824 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Mid-America Apartment Communities by 105.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 149,183 shares of the real estate investment trust’s stock valued at $15,721,000 after buying an additional 76,700 shares during the period. 91.83% of the stock is owned by institutional investors.

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.

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

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