Mid-America Apartment Communities (MAA) PT Set at $91.00 by Mizuho

Mid-America Apartment Communities (NYSE:MAA) received a $91.00 price objective from research analysts at Mizuho in a research note issued on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Mizuho’s price objective suggests a potential upside of 3.70% from the company’s previous close.

Several other brokerages have also recently issued reports on MAA. JMP Securities cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Thursday, October 19th. Stifel Nicolaus dropped their target price on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, October 27th. SunTrust Banks reiterated a “buy” rating and set a $109.00 target price on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Royal Bank of Canada reiterated a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Finally, Robert W. Baird reiterated a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Mid-America Apartment Communities presently has an average rating of “Buy” and a consensus target price of $106.15.

Mid-America Apartment Communities (NYSE MAA) traded up $2.36 during mid-day trading on Friday, reaching $87.75. 1,500,598 shares of the company traded hands, compared to its average volume of 837,048. The stock has a market cap of $9,991.22, a P/E ratio of 30.42, a PEG ratio of 2.06 and a beta of 0.28. Mid-America Apartment Communities has a 52 week low of $85.30 and a 52 week high of $110.95.

In other news, Director William Reid Sanders purchased 4,100 shares of the stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $90.98 per share, for a total transaction of $373,018.00. Following the acquisition, the director now owns 13,109 shares of the company’s stock, valued at $1,192,656.82. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 4,216 shares of company stock worth $382,935 over the last 90 days. Company insiders own 1.25% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC boosted 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 buying an additional 520 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Mid-America Apartment Communities by 41.9% in the 3rd quarter. Janus Henderson Group PLC now owns 802,899 shares of the real estate investment trust’s stock valued at $85,813,000 after buying an additional 237,268 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Mid-America Apartment Communities by 12.0% in the 3rd quarter. Toronto Dominion Bank now owns 43,113 shares of the real estate investment trust’s stock valued at $4,607,000 after buying an additional 4,610 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of Mid-America Apartment Communities by 35.0% in the 3rd quarter. Forsta AP Fonden now owns 47,100 shares of the real estate investment trust’s stock valued at $5,034,000 after buying an additional 12,200 shares in the last quarter. Finally, Brookfield Asset Management Inc. bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $158,747,000. Institutional investors and hedge funds own 92.95% of the company’s stock.

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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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