Mid-America Apartment Communities (NYSE:MAA) Downgraded to Sell Rating by StockNews.com

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

A number of other analysts have also recently issued reports on the company. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Truist Financial increased their price objective on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $173.00 to $182.00 in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Moderate Buy” and an average price target of $168.90.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $165.93 on Friday. The business’s 50-day moving average is $159.61 and its 200-day moving average is $157.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities has a fifty-two week low of $123.73 and a fifty-two week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Equities research analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Mid-America Apartment Communities during the 4th quarter valued at $826,562,000. Capital World Investors raised its position 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 lifted its stake in shares of Mid-America Apartment Communities by 312.6% in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Mid-America Apartment Communities by 516.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,074,223 shares of the real estate investment trust’s stock worth $170,694,000 after buying an additional 899,960 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Mid-America Apartment Communities by 26.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust’s stock valued at $517,015,000 after acquiring an additional 708,125 shares during the period. 93.60% of the stock is 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.