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

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price objective decreased by Mizuho from $166.00 to $161.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price target would suggest a potential upside of 4.02% from the stock's previous close.

Several other research firms also recently commented on MAA. Wall Street Zen downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Truist Financial dropped their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Raymond James downgraded shares of Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $185.00 to $175.00 in a research note on Thursday, May 15th. Barclays raised their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Hold" and a consensus target price of $169.50.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded up $0.55 on Friday, hitting $154.78. The stock had a trading volume of 885,970 shares, compared to its average volume of 749,708. Mid-America Apartment Communities has a 52-week low of $126.77 and a 52-week high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market cap of $18.12 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 3.72 and a beta of 0.80. The company's 50 day moving average price is $159.44 and its 200 day moving average price is $158.21.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. 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 company posted $2.22 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the transaction, the chief executive officer now directly owns 324,171 shares in the company, valued at approximately $53,890,187.04. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the transaction, the executive vice president now owns 3,012 shares of the company's stock, valued at approximately $502,552.20. The trade was a 5.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,313 shares of company stock worth $1,171,707. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after buying an additional 91 shares during the last quarter. Financial Network Wealth Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $29,000. AlphaQuest LLC acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth $34,000. CoreCap Advisors LLC raised its position in shares of Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after buying an additional 112 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in Mid-America Apartment Communities during the first quarter worth about $36,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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.