Mid-America Apartment Communities (NYSE:MAA) Rating Lowered to “Sell” at StockNews.com

Mid-America Apartment Communities (NYSE:MAA) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other equities analysts have also commented on the company. JMP Securities upped their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada reduced their price target on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft increased 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. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their target price for the stock from $144.00 to $189.00 in a report on Monday, August 12th. Finally, Truist Financial increased their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus price target of $161.69.

Mid-America Apartment Communities Stock Performance

MAA traded up $2.85 during trading on Tuesday, hitting $155.03. 562,921 shares of the stock were exchanged, compared to its average volume of 754,028. The firm has a market capitalization of $18.12 billion, a P/E ratio of 35.00, a PEG ratio of 2.40 and a beta of 0.88. Mid-America Apartment Communities has a 1-year low of $118.68 and a 1-year high of $167.39. The stock has a fifty day moving average price of $157.98 and a two-hundred day moving average price of $146.43. 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 posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share 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 analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 earnings per share. As a group, sell-side analysts predict that Mid-America Apartment Communities will post 8.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares during the last quarter. UMB Bank n.a. raised its holdings in Mid-America Apartment Communities by 82.4% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 108 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $37,000. 93.60% of the stock is owned by institutional investors.

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.