Wall Street Zen Upgrades Mid-America Apartment Communities (NYSE:MAA) to Hold

Mid-America Apartment Communities (NYSE:MAA) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. UBS Group cut their price target on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Piper Sandler decreased their price objective on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Finally, Barclays boosted their price objective on shares of Mid-America Apartment Communities from $139.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $145.38.

Mid-America Apartment Communities Stock Down 0.0%

NYSE:MAA opened at $134.90 on Friday. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 39.44 and a beta of 0.73. Mid-America Apartment Communities has a twelve month low of $120.30 and a twelve month high of $146.41. The stock’s 50 day moving average price is $135.60 and its two-hundred day moving average price is $131.68. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02.

Insiders Place Their Bets

In related news, Director Tamara D. Fischer acquired 1,100 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the transaction, the director directly owned 1,100 shares of the company’s stock, valued at approximately $141,405. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several institutional investors and hedge funds have recently made changes to their positions in MAA. Physician Wealth Advisors Inc. increased its stake in shares of Mid-America Apartment Communities by 65.2% during the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares during the period. Elevation Wealth Partners LLC boosted its stake in Mid-America Apartment Communities by 593.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 172 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Mid-America Apartment Communities in the 4th quarter valued at $32,000. Measured Wealth Private Client Group LLC acquired a new position in Mid-America Apartment Communities in the 3rd quarter valued at $33,000. Finally, Root Financial Partners LLC increased its position in Mid-America Apartment Communities by 3,100.0% during the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.