Today’s Rating Alert: Is Mid-America Apartment Communities (NYSE:MAA) a Buy? BMO Capital Upgrades It

November 30, 2016 - By Adrian Mccoy

Today's Rating Alert:  Is Mid America Apartment Communities (NYSE:MAA) a Buy? BMO Capital Upgrades It

Mid-America Apartment Communities (NYSE:MAA) Upgrade

BMO Capital raised shares of Mid-America Apartment Communities (NYSE:MAA) from a Market Perform rating to Outperform rating in a a note shared with investors on Wednesday morning.

Mid-America Apartment Communities Inc (NYSE:MAA) Ratings Coverage

Out of 13 analysts covering Mid-America Apartment Communities (NYSE:MAA), 7 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 54% are positive. $109 is the highest target while $84 is the lowest. The $93.54 average target is 2.21% above today’s ($91.52) stock price. Mid-America Apartment Communities has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. JMP Securities upgraded the stock to “Mkt Outperform” rating in Thursday, October 20 report. The rating was maintained by Jefferies with “Hold” on Wednesday, June 8. SunTrust downgraded the shares of MAA in a report on Friday, January 22 to “Neutral” rating. The stock has “Neutral” rating given by DA Davidson on Friday, March 11. JMP Securities initiated it with “Market Perform” rating and $85 target price in Thursday, September 17 report. The rating was maintained by Jefferies on Wednesday, August 10 with “Hold”. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has “Buy” rating given on Friday, August 19 by Suntrust Robinson. The company was initiated on Tuesday, November 10 by BB&T Capital. The stock has “Buy” rating given by SunTrust on Tuesday, July 21. The company was maintained on Tuesday, December 22 by Oppenheimer.

About 2.10 million shares traded hands or 199.39% up from the average. Mid-America Apartment Communities Inc (NYSE:MAA) has declined 2.94% since April 27, 2016 and is downtrending. It has underperformed by 8.17% the S&P500.

Analysts await Mid-America Apartment Communities Inc (NYSE:MAA) to report earnings on February, 1. They expect $1.50 EPS, up 3.45% or $0.05 from last year’s $1.45 per share. MAA’s profit will be $115.22M for 15.25 P/E if the $1.50 EPS becomes a reality. After $1.49 actual EPS reported by Mid-America Apartment Communities Inc for the previous quarter, Wall Street now forecasts 0.67% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.28 in 2016 Q2. Its down 0.22, from 1.5 in 2016Q1. The ratio dropped, as 20 funds sold all Mid-America Apartment Communities Inc shares owned while 106 reduced positions. 52 funds bought stakes while 137 increased positions. They now own 71.37 million shares or 1.58% less from 72.52 million shares in 2016Q1.

Clarkston Prtnrs Limited Liability Company has 152,184 shares for 0.84% of their US portfolio. Fisher Asset Mgmt Limited Liability Company accumulated 0.11% or 569,253 shares. Bokf Na accumulated 3,663 shares or 0.01% of the stock. Arizona State Retirement Systems holds 0.05% of its portfolio in Mid-America Apartment Communities Inc (NYSE:MAA) for 32,399 shares. Spirit Of America owns 41,972 shares or 0.65% of their US portfolio. Ingalls Snyder Limited Liability Com last reported 3,550 shares in the company. Emerald Advisers Incorporated Pa holds 31,278 shares or 0.16% of its portfolio. Moreover, Citigroup Inc has 0% invested in Mid-America Apartment Communities Inc (NYSE:MAA) for 42,318 shares. Jpmorgan Chase & Communications holds 2.26M shares or 0.06% of its portfolio. The Illinois-based Guggenheim Cap has invested 0.02% in Mid-America Apartment Communities Inc (NYSE:MAA). Robeco Institutional Asset Mgmt Bv has 111,597 shares for 0.09% of their US portfolio. Spot Trading Limited Liability Company holds 0% or 64 shares in its portfolio. Kennedy Cap Management Inc holds 0.25% of its portfolio in Mid-America Apartment Communities Inc (NYSE:MAA) for 118,238 shares. Moreover, Menta Capital has 0.48% invested in Mid-America Apartment Communities Inc (NYSE:MAA) for 32,591 shares. First Trust Advsrs L P has 159,332 shares for 0.05% of their US portfolio.

Insider Transactions: Since June 30, 2016, the stock had 1 insider purchase, and 0 selling transactions for $4,973 net activity. $4,973 worth of Mid-America Apartment Communities Inc (NYSE:MAA) was bought by BOLTON H ERIC JR.

Mid-America Apartment Communities, Inc. is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $7.03 billion.

According to Zacks Investment Research, “Mid America Apartment Communities Inc. is a real estate investment trust which ownes and operates apartments. The company also manages but does not own properties containing apartment units. The company seeks to acquire and develop apartment communities appealing to middle and upper income residents.”

MAA Company Profile

Mid-America Apartment Communities, Inc. (MAA), incorporated on September 22, 1993, is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company’s divisions include Large market same store communities, Secondary market same store communities, and Non same store communities and other. The Company’s Large market same store communities segment includes communities in markets with a population of approximately one million and approximately 1% of the total public multifamily REIT units that it has owned and that have been stabilized for approximately 12 months; Secondary market same store communities segment includes communities in markets with populations of approximately one million with approximately 1% of the total public multifamily REIT units or markets with populations of approximately one million that it has owned and that have been stabilized for approximately 12 months, and Non same store communities and other segment includes recent acquisitions, communities in development or lease-up, communities that have been identified for disposition, and communities that have undergone a significant casualty loss. The Company’s Non same store communities and other also includes non-multifamily activities.

More news for Mid-America Apartment Communities Inc (NYSE:MAA) were recently published by: Prnewswire.com, which released: “Mid-America Apartment Communities, AmSurg to Join S&P 500; Others to Join S&P …” on November 29, 2016. Forbes.com‘s article titled: “Mid-America Apartment Communities Becomes Oversold” and published on August 15, 2016 is yet another important article.

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