Mid-America Apartment Communities, Inc. (MAA) Rating Reiterated by Cantor Fitzgerald

Mid-America Apartment Communities, Inc. (NYSE:MAA)‘s stock had its “buy” rating reissued by stock analysts at Cantor Fitzgerald in a report issued on Monday. They presently have a $110.00 price objective on the real estate investment trust’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 5.83% from the stock’s previous close.

The analysts wrote, “Markets with improving fundamentals in 2018 could include Austin, Charleston, Charlotte, Houston, Nashville, Raleigh, Tampa and Washington, D.C.; markets that could have moderating fundamentals include Atlanta, Dallas-Ft. Worth, Jacksonville, Orlando and Phoenix (based on jobs/ completions).””

Several other research analysts have also issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 10th. Mizuho reissued a “hold” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Monday, November 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $109.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating for the company in a report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Mid-America Apartment Communities has an average rating of “Buy” and an average target price of $110.33.

Mid-America Apartment Communities (NYSE:MAA) opened at $103.94 on Monday. Mid-America Apartment Communities has a 52-week low of $87.59 and a 52-week high of $110.95. The stock has a market cap of $12,047.87, a PE ratio of 17.85, a P/E/G ratio of 2.56 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.61. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The firm had revenue of $384.60 million during the quarter, compared to analyst estimates of $386.96 million. During the same quarter in the prior year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. equities research analysts anticipate that Mid-America Apartment Communities will post 5.91 earnings per share for the current fiscal year.

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In related news, Director William Reid Sanders purchased 7,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $100.11 per share, with a total value of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares in the company, valued at approximately $821,802.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Stockert sold 6,872 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the sale, the director now directly owns 77,180 shares of the company’s stock, valued at approximately $8,207,321.20. The disclosure for this sale can be found here. Company insiders own 1.25% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. KCG Holdings Inc. boosted its stake in Mid-America Apartment Communities by 2.3% in the first quarter. KCG Holdings Inc. now owns 3,215 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 72 shares during the last quarter. Bank of Montreal Can boosted its stake in Mid-America Apartment Communities by 46.1% in the second quarter. Bank of Montreal Can now owns 111,483 shares of the real estate investment trust’s stock valued at $11,748,000 after acquiring an additional 35,202 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Mid-America Apartment Communities by 4.2% in the second quarter. Gateway Investment Advisers LLC now owns 8,288 shares of the real estate investment trust’s stock valued at $873,000 after acquiring an additional 335 shares during the last quarter. National Pension Service boosted its stake in Mid-America Apartment Communities by 9.8% in the second quarter. National Pension Service now owns 121,860 shares of the real estate investment trust’s stock valued at $12,868,000 after acquiring an additional 10,831 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Mid-America Apartment Communities by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 18,434 shares of the real estate investment trust’s stock valued at $1,943,000 after acquiring an additional 15,406 shares during the last quarter. 92.34% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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