Mid-America Apartment Communities (MAA) Rating Lowered to Hold at Jefferies Group

Mid-America Apartment Communities (NYSE:MAA) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a report released on Thursday. Jefferies Group also issued estimates for Mid-America Apartment Communities’ Q4 2017 earnings at $1.45 EPS, FY2018 earnings at $6.24 EPS and FY2019 earnings at $6.78 EPS.

MAA has been the subject of several other research reports. BidaskClub raised shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. JMP Securities lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 19th. Mizuho restated a “hold” rating and issued a $106.00 target price on shares of Mid-America Apartment Communities in a research note on Sunday, October 15th. ValuEngine downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Stifel Nicolaus decreased their target price on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, October 27th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $110.50.

Mid-America Apartment Communities (MAA) traded up $0.65 during trading on Thursday, hitting $103.10. 1,155,662 shares of the stock traded hands, compared to its average volume of 619,188. Mid-America Apartment Communities has a 52 week low of $92.50 and a 52 week high of $110.95. The firm has a market capitalization of $11,641.09, a price-to-earnings ratio of 17.25, a P/E/G ratio of 2.47 and a beta of 0.34.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the 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 company 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 earned $1.47 earnings per share. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. sell-side analysts anticipate that Mid-America Apartment Communities will post 5.92 earnings per share for the current year.

In other news, Director William Reid Sanders bought 7,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the purchase, the director now owns 8,209 shares of the company’s stock, valued at $821,802.99. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.25% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gilman Hill Asset Management LLC boosted its stake in Mid-America Apartment Communities by 9.2% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 6,193 shares of the real estate investment trust’s stock valued at $662,000 after acquiring an additional 520 shares during the last quarter. Forsta AP Fonden boosted its stake in Mid-America Apartment Communities by 35.0% during the 3rd quarter. Forsta AP Fonden now owns 47,100 shares of the real estate investment trust’s stock valued at $5,034,000 after acquiring an additional 12,200 shares during the last quarter. Toronto Dominion Bank boosted its stake in Mid-America Apartment Communities by 12.0% during the 3rd quarter. Toronto Dominion Bank now owns 43,113 shares of the real estate investment trust’s stock valued at $4,607,000 after acquiring an additional 4,610 shares during the last quarter. Aviva PLC boosted its stake in Mid-America Apartment Communities by 1.2% during the 2nd quarter. Aviva PLC now owns 70,978 shares of the real estate investment trust’s stock valued at $7,481,000 after acquiring an additional 860 shares during the last quarter. Finally, GAM Holding AG boosted its stake in Mid-America Apartment Communities by 2.4% during the 2nd quarter. GAM Holding AG now owns 15,525 shares of the real estate investment trust’s stock valued at $1,636,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 92.97% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/12/16/mid-america-apartment-communities-maa-rating-lowered-to-hold-at-jefferies-group.html.

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)

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply