Mid-America Apartment Communities (MAA) Lowered to Sell at ValuEngine

Mid-America Apartment Communities (NYSE:MAA) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

MAA has been the topic of a number of other reports. Barclays reiterated a “buy” rating and set a $112.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, April 17th. BMO Capital Markets set a $97.00 target price on Mid-America Apartment Communities and gave the stock a “hold” rating in a research report on Friday, March 2nd. SunTrust Banks set a $102.00 target price on Mid-America Apartment Communities and gave the stock a “buy” rating in a research report on Monday, January 22nd. Jefferies Group reiterated a “hold” rating and set a $99.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, February 5th. Finally, Stifel Nicolaus upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, January 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $104.62.

MAA traded down $0.66 during trading on Thursday, reaching $88.24. 419,500 shares of the stock were exchanged, compared to its average volume of 766,063. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.12 and a beta of 0.34. Mid-America Apartment Communities has a 1 year low of $88.74 and a 1 year high of $89.40.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($1.04). The firm had revenue of $386.01 million for the quarter, compared to analysts’ expectations of $384.42 million. Mid-America Apartment Communities had a return on equity of 5.10% and a net margin of 21.72%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. equities analysts anticipate that Mid-America Apartment Communities will post 6 EPS for the current fiscal year.

In other news, Director Claude B. Nielsen sold 7,200 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $86.44, for a total value of $622,368.00. Following the completion of the transaction, the director now directly owns 20,417 shares of the company’s stock, valued at $1,764,845.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.26% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC raised its holdings in shares of Mid-America Apartment Communities by 15.3% in the fourth quarter. Meadow Creek Investment Management LLC now owns 4,642 shares of the real estate investment trust’s stock worth $467,000 after acquiring an additional 616 shares during the last quarter. Norinchukin Bank The increased its stake in Mid-America Apartment Communities by 7.4% in the fourth quarter. Norinchukin Bank The now owns 9,084 shares of the real estate investment trust’s stock valued at $913,000 after purchasing an additional 628 shares during the last quarter. Global X Management Co. LLC increased its stake in Mid-America Apartment Communities by 19.2% in the first quarter. Global X Management Co. LLC now owns 3,900 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 629 shares during the last quarter. Csenge Advisory Group increased its stake in Mid-America Apartment Communities by 31.6% in the first quarter. Csenge Advisory Group now owns 2,710 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 650 shares during the last quarter. Finally, TCW Group Inc. increased its stake in Mid-America Apartment Communities by 3.0% in the fourth quarter. TCW Group Inc. now owns 23,554 shares of the real estate investment trust’s stock valued at $2,369,000 after purchasing an additional 684 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities throughout the United States. As of December 31, 2017, MAA had ownership interest in 100,489 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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