Mid-America Apartment Communities (NYSE:MAA) PT Raised to $174.00 at Scotiabank

Mid-America Apartment Communities (NYSE:MAA) had its target price upped by Scotiabank from $161.00 to $174.00 in a report published on Monday morning, Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the company. Bank of America raised Mid-America Apartment Communities from an underperform rating to a buy rating and boosted their price target for the company from $144.00 to $189.00 in a report on Monday, August 12th. Truist Financial boosted their price target on Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a buy rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a hold rating in a report on Tuesday, September 10th. Royal Bank of Canada boosted their price target on Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a sector perform rating in a report on Friday, August 2nd. Finally, Mizuho boosted their price target on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a neutral rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of Hold and an average price target of $159.91.

Mid-America Apartment Communities Stock Up 0.4 %

Mid-America Apartment Communities stock opened at $164.51 on Monday. The stock has a market cap of $19.22 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities has a one year low of $115.56 and a one year high of $167.39. The stock has a fifty day moving average of $152.95 and a 200 day moving average of $140.46.

Institutional Trading of Mid-America Apartment Communities

A number of institutional investors have recently bought and sold shares of MAA. Wellington Management Group LLP increased its position in Mid-America Apartment Communities by 323.8% in the 4th quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock valued at $5,430,000 after acquiring an additional 30,855 shares during the period. Perpetual Ltd acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at about $15,413,000. Miller Howard Investments Inc. NY increased its position in Mid-America Apartment Communities by 9.9% during the 1st quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock worth $25,984,000 after purchasing an additional 17,765 shares during the period. Janney Montgomery Scott LLC increased its position in Mid-America Apartment Communities by 163.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock worth $2,923,000 after purchasing an additional 13,474 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Mid-America Apartment Communities by 159.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock worth $3,531,000 after purchasing an additional 16,144 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

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.