Capital One Financial Reaffirms Equal Weight Rating for Mid-America Apartment Communities (MAA)

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “equal weight” rating reiterated by analysts at Capital One Financial in a note issued to investors on Friday.

A number of other research analysts have also recently weighed in on MAA. SunTrust Banks boosted their target price on shares of Mid-America Apartment Communities to $102.00 and gave the company a “buy” rating in a research note on Wednesday, June 27th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Scotiabank began coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Stifel Nicolaus cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Thursday, August 2nd. Finally, Barclays restated a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Sunday, October 14th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus price target of $103.05.

MAA opened at $97.00 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 2.35 and a beta of 0.28. Mid-America Apartment Communities has a twelve month low of $85.16 and a twelve month high of $106.77.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($1.00). The company had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $389.62 million. Mid-America Apartment Communities had a net margin of 22.36% and a return on equity of 5.28%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. As a group, research analysts anticipate that Mid-America Apartment Communities will post 6.05 earnings per share for the current fiscal year.

In related news, Director David P. Stockert sold 1,617 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $101.59, for a total transaction of $164,271.03. Following the sale, the director now directly owns 75,563 shares in the company, valued at approximately $7,676,445.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Russell R. French sold 4,993 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $100.69, for a total transaction of $502,745.17. Following the sale, the director now owns 17,770 shares in the company, valued at $1,789,261.30. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Mid-America Apartment Communities by 1.6% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 34,497 shares of the real estate investment trust’s stock worth $3,473,000 after acquiring an additional 534 shares during the period. First Allied Advisory Services Inc. increased its holdings in Mid-America Apartment Communities by 25.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,782 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 557 shares during the period. PNC Financial Services Group Inc. increased its holdings in Mid-America Apartment Communities by 5.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,545 shares of the real estate investment trust’s stock worth $1,163,000 after acquiring an additional 587 shares during the period. Advisor Partners LLC increased its holdings in Mid-America Apartment Communities by 19.2% during the 2nd quarter. Advisor Partners LLC now owns 4,143 shares of the real estate investment trust’s stock worth $417,000 after acquiring an additional 666 shares during the period. Finally, Xact Kapitalforvaltning AB increased its holdings in Mid-America Apartment Communities by 4.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 16,529 shares of the real estate investment trust’s stock worth $1,508,000 after acquiring an additional 700 shares during the period. Institutional investors own 93.07% of the company’s stock.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities throughout the United States. As of June 30, 2018, MAA had ownership interest in 101,362 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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