BMO Capital Markets Issues Pessimistic Forecast for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its price target lowered by research analysts at BMO Capital Markets from $157.00 to $155.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective indicates a potential upside of 2.37% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, January 10th. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a report on Tuesday, December 17th. Barclays started coverage on Mid-America Apartment Communities in a report on Tuesday, December 17th. They set an “equal weight” rating and a $166.00 target price on the stock. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a research note on Monday, October 21st. Finally, Royal Bank of Canada dropped their price objective on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $166.29.

Mid-America Apartment Communities Stock Performance

NYSE MAA traded up $0.89 on Tuesday, hitting $151.41. The stock had a trading volume of 69,911 shares, compared to its average volume of 561,950. The company’s 50-day moving average is $156.01 and its two-hundred day moving average is $154.35. Mid-America Apartment Communities has a one year low of $121.51 and a one year high of $167.39. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.41 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data 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). The business had revenue of $551.13 million during the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $2.29 earnings per share. On average, analysts expect that Mid-America Apartment Communities will post 8.89 earnings per share for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently bought and sold shares of MAA. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $2,890,000. Swedbank AB lifted its stake in shares of Mid-America Apartment Communities by 2.6% in the 3rd quarter. Swedbank AB now owns 203,587 shares of the real estate investment trust’s stock valued at $32,350,000 after purchasing an additional 5,178 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Mid-America Apartment Communities by 2.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock worth $28,711,000 after acquiring an additional 4,301 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $4,304,000. Finally, Capital Investment Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock valued at $9,040,000 after purchasing an additional 12,454 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

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.