Mid-America Apartment Communities Inc. (NYSE:MAA) – Investment analysts at SunTrust Banks lowered their FY2016 earnings per share estimates for shares of Mid-America Apartment Communities in a research report issued on Sunday. SunTrust Banks analyst M. Lewis now expects that the brokerage will post earnings per share of $5.92 for the year, down from their previous estimate of $5.93. SunTrust Banks currently has a “Buy” rating and a $108.00 price target on the stock.

A number of other equities analysts have also weighed in on the stock. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $119.00 price target for the company in a research report on Friday, July 15th. Cantor Fitzgerald reiterated a “buy” rating and issued a $99.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, June 5th. Citigroup Inc. upped their price target on shares of Mid-America Apartment Communities from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Jefferies Group dropped their price target on shares of Mid-America Apartment Communities from $104.00 to $103.00 and set a “hold” rating for the company in a research report on Wednesday, June 8th. Finally, Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $103.25.

Shares of Mid-America Apartment Communities (NYSE:MAA) opened at 94.83 on Tuesday. The firm has a 50-day moving average of $96.20 and a 200-day moving average of $100.05. Mid-America Apartment Communities has a one year low of $78.72 and a one year high of $110.01. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 32.05 and a beta of 0.51.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.08. The business had revenue of $272.20 million for the quarter, compared to analyst estimates of $272.71 million. Mid-America Apartment Communities had a net margin of 20.93% and a return on equity of 7.10%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS.

Several large investors have recently made changes to their positions in MAA. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $104,000. Synovus Financial Corp increased its stake in shares of Mid-America Apartment Communities by 58.8% in the second quarter. Synovus Financial Corp now owns 1,350 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 500 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $149,000. Bessemer Group Inc. increased its stake in shares of Mid-America Apartment Communities by 99.6% in the second quarter. Bessemer Group Inc. now owns 1,459 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 728 shares in the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new stake in shares of Mid-America Apartment Communities during the first quarter valued at $166,000. 96.86% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

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