Mid-America Apartment Communities (NYSE:MAA) has been given a $110.00 price target by stock analysts at DA Davidson in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. DA Davidson’s price target suggests a potential upside of 18.33% from the company’s previous close.
Several other research firms also recently issued reports on MAA. Mizuho restated a “hold” rating and set a $106.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, October 15th. JMP Securities downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Thursday, October 19th. Cantor Fitzgerald restated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Robert W. Baird restated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, November 10th. Finally, BMO Capital Markets downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 price objective on the stock. in a report on Monday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $109.62.
Mid-America Apartment Communities (NYSE:MAA) traded down $0.29 during midday trading on Tuesday, reaching $92.96. The company’s stock had a trading volume of 705,849 shares, compared to its average volume of 676,130. The firm has a market cap of $10,560.00, a P/E ratio of 41.87, a PEG ratio of 2.19 and a beta of 0.34. Mid-America Apartment Communities has a 12-month low of $90.88 and a 12-month high of $110.95.
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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.
