Mid-America Apartment Communities, Inc. (NYSE:MAA)‘s stock had its “buy” rating reiterated by investment analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They currently have a $109.00 price target on the real estate investment trust’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 5.43% from the company’s current price. SunTrust Banks also issued estimates for Mid-America Apartment Communities’ Q4 2017 earnings at $1.49 EPS, FY2017 earnings at $5.93 EPS, FY2018 earnings at $6.34 EPS, FY2019 earnings at $6.69 EPS, FY2020 earnings at $6.95 EPS and FY2021 earnings at $7.17 EPS.

A number of other brokerages also recently issued reports on MAA. Mizuho reiterated a “hold” rating and issued a $106.00 price target on shares of Mid-America Apartment Communities in a research note on Sunday, October 15th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note 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 note on Sunday, September 10th. BidaskClub upgraded shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. 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 note on Friday, September 8th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.08.

Mid-America Apartment Communities (NYSE:MAA) opened at $103.39 on Friday. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.47 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.61. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The company had revenue of $384.60 million during the quarter, compared to the consensus estimate of $386.96 million. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. equities analysts forecast that Mid-America Apartment Communities will post 5.91 earnings per share for the current year.

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In other 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 value of $730,768.48. Following the transaction, the director now directly owns 77,180 shares of the company’s stock, valued at approximately $8,207,321.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Reid Sanders bought 7,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares in the company, valued at $821,802.99. The disclosure for this purchase can be found here. 1.25% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Gilman Hill Asset Management LLC increased its holdings in shares of Mid-America Apartment Communities by 9.2% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 6,193 shares of the real estate investment trust’s stock valued at $662,000 after acquiring an additional 520 shares during the period. GAM Holding AG increased its holdings in shares of Mid-America Apartment Communities by 2.4% in the 2nd quarter. GAM Holding AG now owns 15,525 shares of the real estate investment trust’s stock valued at $1,636,000 after acquiring an additional 365 shares during the period. Aviva PLC increased its holdings in shares of Mid-America Apartment Communities by 1.2% in the 2nd quarter. Aviva PLC now owns 70,978 shares of the real estate investment trust’s stock valued at $7,481,000 after acquiring an additional 860 shares during the period. Brookfield Asset Management Inc. acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $158,747,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Mid-America Apartment Communities by 295.1% in 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 acquiring an additional 161,982 shares during the period. 90.99% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

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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