Mid-America Apartment Communities (NYSE:MAA) Stock Rating Lowered by Wall Street Zen

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also commented on MAA. JMP Securities lifted their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Thursday, May 22nd. Mizuho cut their target price on Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price target for the company from $148.00 to $190.00 in a research report on Monday, March 10th. Scotiabank lowered their price objective on Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating for the company in a research report on Friday, June 13th. Finally, Robert W. Baird lifted their price objective on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus price target of $169.76.

Mid-America Apartment Communities Trading Up 0.2%

Shares of MAA stock traded up $0.22 during mid-day trading on Friday, reaching $147.68. 956,591 shares of the stock traded hands, compared to its average volume of 788,084. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 3.77 and a beta of 0.78. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock's fifty day simple moving average is $155.68 and its two-hundred day simple moving average is $156.70. Mid-America Apartment Communities has a 1-year low of $137.51 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 25.70% and a return on equity of 9.19%. The business had revenue of $549.30 million during the quarter, compared to analyst estimates of $551.21 million. During the same quarter last year, the business earned $2.22 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of the firm'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 value of $28,865.05. Following the completion of the sale, the executive vice president now owns 3,012 shares of the company's stock, valued at approximately $502,552.20. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the sale, the chief executive officer now owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock valued at $1,171,707 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in Mid-America Apartment Communities during the 4th quarter valued at $826,562,000. Capital World Investors grew its holdings in shares of Mid-America Apartment Communities by 45.9% during the fourth quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock valued at $1,025,868,000 after buying an additional 2,088,143 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Mid-America Apartment Communities by 312.6% during the fourth quarter. Deutsche Bank AG now owns 1,226,026 shares of the real estate investment trust's stock valued at $189,507,000 after buying an additional 928,851 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $150,966,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Mid-America Apartment Communities by 26.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust's stock worth $517,015,000 after acquiring an additional 708,125 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

About Mid-America Apartment Communities

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.

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