Mizuho Lowers Mid-America Apartment Communities (NYSE:MAA) Price Target to $159.00

Mid-America Apartment Communities (NYSE:MAA) had its price target reduced by investment analysts at Mizuho from $163.00 to $159.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 7.27% from the company’s previous close.

Several other research firms also recently commented on MAA. BNP Paribas initiated coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price target for the company. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Tuesday, December 17th. Barclays assumed coverage on Mid-America Apartment Communities in a report on Tuesday, December 17th. They set an “equal weight” rating and a $166.00 price target on the stock. Scotiabank reduced their price objective on Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Finally, StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus price target of $166.92.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $148.22 on Monday. The company has a fifty day moving average of $156.78 and a two-hundred day moving average of $153.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a 1 year low of $121.51 and a 1 year high of $167.39. The company has a market capitalization of $17.32 billion, a PE ratio of 33.46, a P/E/G ratio of 2.53 and a beta of 0.91.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The firm had revenue of $551.13 million for the quarter, compared to analysts’ expectations of $548.53 million. During the same quarter in the prior year, the business earned $2.29 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that Mid-America Apartment Communities will post 8.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Mid-America Apartment Communities in the 3rd quarter valued at approximately $25,000. Activest Wealth Management purchased a new stake in shares of Mid-America Apartment Communities in the third quarter valued at $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities in the third quarter valued at $37,000. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities during the third quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC increased its position in Mid-America Apartment Communities by 252.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

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.