Mid-America Apartment Communities (NYSE:MAA) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a research report released on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $187.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on MAA. Morgan Stanley lifted their target price on Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an equal weight rating in a research report on Wednesday, May 15th. Janney Montgomery Scott upgraded shares of Mid-America Apartment Communities from a neutral rating to a buy rating and set a $150.00 price objective on the stock in a report on Thursday, June 13th. Wedbush increased their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an outperform rating in a report on Monday, August 5th. Bank of America upgraded shares of Mid-America Apartment Communities from an underperform rating to a buy rating and lifted their price target for the company from $144.00 to $189.00 in a research note on Monday, August 12th. Finally, Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an equal weight rating to an overweight rating and increased their price objective for the stock from $138.00 to $174.00 in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $157.03.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $159.53 on Wednesday. The company has a fifty day moving average price of $149.03 and a 200 day moving average price of $138.32. The firm has a market cap of $18.64 billion, a PE ratio of 33.44, a PEG ratio of 3.61 and a beta of 0.88. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities has a 1-year low of $115.56 and a 1-year high of $165.14.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MAA. Natixis Advisors L.P. boosted its position in Mid-America Apartment Communities by 42.4% during the fourth quarter. Natixis Advisors L.P. now owns 31,266 shares of the real estate investment trust’s stock worth $4,204,000 after purchasing an additional 9,306 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Mid-America Apartment Communities by 53.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 132 shares during the period. Metis Global Partners LLC grew its stake in Mid-America Apartment Communities by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 11,405 shares of the real estate investment trust’s stock valued at $1,534,000 after buying an additional 308 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Mid-America Apartment Communities by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,287,552 shares of the real estate investment trust’s stock valued at $173,124,000 after buying an additional 35,538 shares during the last quarter. Finally, Pettee Investors Inc. raised its holdings in Mid-America Apartment Communities by 29.9% in the 4th quarter. Pettee Investors Inc. now owns 10,171 shares of the real estate investment trust’s stock valued at $1,368,000 after acquiring an additional 2,340 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.