Mid-America Apartment Communities, Inc. (NYSE:MAA) was downgraded by investment analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

Several other brokerages have also recently issued reports on MAA. Mizuho restated a “hold” rating and issued a $106.00 target price on shares of Mid-America Apartment Communities in a report on Sunday, October 15th. BidaskClub downgraded shares of Mid-America Apartment Communities from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, September 10th. Finally, BTIG Research upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Friday, September 8th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Mid-America Apartment Communities currently has an average rating of “Buy” and a consensus price target of $110.27.

Shares of Mid-America Apartment Communities (NYSE:MAA) traded down 0.27% during trading on Thursday, reaching $104.81. 749,938 shares of the company traded hands. The stock has a market capitalization of $11.91 billion, a PE ratio of 48.46 and a beta of 0.37. The firm has a 50 day moving average of $107.27 and a 200 day moving average of $104.34. Mid-America Apartment Communities has a 52 week low of $87.59 and a 52 week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The business had revenue of $382.80 million during the quarter, compared to analysts’ expectations of $382.17 million. During the same quarter in the prior year, the business posted $1.54 EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities analysts predict that Mid-America Apartment Communities will post $1.67 EPS for the current year.

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In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the company’s 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 transaction, the director now owns 77,180 shares in the company, valued at approximately $8,207,321.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.25% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in MAA. PNC Financial Services Group Inc. raised its position in Mid-America Apartment Communities by 8.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,957 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 480 shares during the last quarter. Global X Management Co. LLC raised its position in Mid-America Apartment Communities by 52.3% during the 1st quarter. Global X Management Co. LLC now owns 3,213 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 1,103 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Mid-America Apartment Communities by 18.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,030 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 477 shares during the last quarter. UBS Group AG raised its position in Mid-America Apartment Communities by 69.5% during the 1st quarter. UBS Group AG now owns 55,626 shares of the real estate investment trust’s stock worth $5,660,000 after buying an additional 22,800 shares during the last quarter. Finally, KCG Holdings Inc. raised its position in Mid-America Apartment Communities by 2.3% during the 1st quarter. KCG Holdings Inc. now owns 3,215 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 72 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

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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