Mid-America Apartment Communities (NYSE:MAA) PT Raised to $135.00 at Citigroup

Mid-America Apartment Communities (NYSE:MAA) had its price objective increased by Citigroup from $120.00 to $135.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup‘s price target points to a potential upside of 0.75% from the stock’s previous close.

MAA has been the subject of a number of other research reports. Capital One Financial upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 4th. Barclays set a $141.00 target price on Mid-America Apartment Communities and gave the company a “buy” rating in a research report on Friday, October 11th. SunTrust Banks lifted their target price on Mid-America Apartment Communities to $130.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Goldman Sachs Group assumed coverage on Mid-America Apartment Communities in a research report on Friday. They issued a “neutral” rating and a $149.00 price objective on the stock. Finally, Mizuho lifted their target price on Mid-America Apartment Communities from $132.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $126.75.

MAA traded down $1.27 during trading on Thursday, reaching $133.99. 461,365 shares of the company were exchanged, compared to its average volume of 522,704. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 5.38 and a beta of 0.33. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average is $133.48 and its two-hundred day moving average is $122.59. Mid-America Apartment Communities has a 12-month low of $91.21 and a 12-month high of $140.15.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.87). The firm had revenue of $415.63 million for the quarter, compared to the consensus estimate of $411.16 million. Mid-America Apartment Communities had a net margin of 16.25% and a return on equity of 3.84%. Mid-America Apartment Communities’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 earnings per share. Equities analysts forecast that Mid-America Apartment Communities will post 6.46 earnings per share for the current year.

In other news, Director David P. Stockert sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $136.46, for a total transaction of $682,300.00. Following the completion of the sale, the director now owns 68,778 shares in the company, valued at approximately $9,385,445.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in Mid-America Apartment Communities by 6.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,411 shares of the real estate investment trust’s stock valued at $11,331,000 after acquiring an additional 6,237 shares during the last quarter. Cutler Group LP grew its position in Mid-America Apartment Communities by 29.0% during the second quarter. Cutler Group LP now owns 1,333 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 300 shares during the period. MML Investors Services LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $266,000. Hexavest Inc. purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $24,133,000. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Mid-America Apartment Communities by 2.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 628,146 shares of the real estate investment trust’s stock valued at $73,970,000 after purchasing an additional 14,448 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

Mid-America Apartment Communities Company Profile

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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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