Barclays Issues Positive Forecast for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price target raised by investment analysts at Barclays from $160.00 to $172.00 in a report released on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price target suggests a potential upside of 6.47% from the stock's previous close.

Several other research firms also recently issued reports on MAA. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a research report on Monday, March 10th. StockNews.com raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Wednesday, April 23rd. Robert W. Baird raised their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. BMO Capital Markets dropped their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Finally, Royal Bank of Canada raised their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $169.00.

Mid-America Apartment Communities Stock Down 2.0 %

Shares of NYSE:MAA opened at $161.55 on Friday. Mid-America Apartment Communities has a 52-week low of $126.77 and a 52-week high of $173.38. The company has a fifty day moving average of $161.14 and a 200-day moving average of $157.76. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $18.91 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The company had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same quarter in the previous year, the business earned $2.22 earnings per share. Mid-America Apartment Communities's revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the transaction, the executive vice president now owns 3,012 shares in the company, valued at $502,552.20. This represents a 5.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the transaction, the chief executive officer now directly owns 319,813 shares in the company, valued at approximately $47,949,563.09. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,313 shares of company stock worth $1,171,707. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds have recently made changes to their positions in MAA. Metis Global Partners LLC increased its stake in shares of Mid-America Apartment Communities by 9.5% in the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock worth $2,670,000 after acquiring an additional 1,499 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position in shares of Mid-America Apartment Communities by 1,582.9% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock valued at $1,035,000 after acquiring an additional 6,300 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 27.1% during the fourth 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. Principal Financial Group Inc. grew its stake in shares of Mid-America Apartment Communities by 31.6% in the fourth quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock worth $29,280,000 after acquiring an additional 45,519 shares during the period. Finally, Vert Asset Management LLC boosted its holdings in Mid-America Apartment Communities by 9.6% in the fourth quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust's stock worth $7,941,000 after purchasing an additional 4,499 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.