Analysts Set Mid-America Apartment Communities, Inc. (NYSE:MAA) PT at $154.66

Mid-America Apartment Communities, Inc. (NYSE:MAA) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $157.03.

MAA has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. The Goldman Sachs Group initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday. They set a “buy” rating and a $187.00 price target on the stock. Morgan Stanley increased their price objective on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 15th. Janney Montgomery Scott raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, June 13th. Finally, Royal Bank of Canada lifted their price target on Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at about $713,500,000. Massachusetts Financial Services Co. MA grew its position in Mid-America Apartment Communities by 17.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after acquiring an additional 393,067 shares during the last quarter. Blackstone Inc. raised its stake in shares of Mid-America Apartment Communities by 1.0% during the fourth quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock worth $277,507,000 after acquiring an additional 20,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mid-America Apartment Communities by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock worth $244,803,000 after acquiring an additional 97,672 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Mid-America Apartment Communities by 2.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock valued at $234,497,000 after purchasing an additional 44,621 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.3 %

Shares of NYSE MAA opened at $163.00 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $19.04 billion, a PE ratio of 34.17, a P/E/G ratio of 3.61 and a beta of 0.85. The company’s fifty day simple moving average is $148.28 and its 200 day simple moving average is $137.87. Mid-America Apartment Communities has a 12-month low of $115.56 and a 12-month high of $165.14.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.