Piper Sandler Raises Mid-America Apartment Communities (NYSE:MAA) Price Target to $165.00

Mid-America Apartment Communities (NYSE:MAA – Free Report) Their price target was upped by Piper Sandler from $140.00 to $165.00 in a report on Monday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on MAA. Janney Montgomery Scott upgraded Mid-America Apartment Communities from a neutral rating to a buy rating and set a $150.00 price objective on the stock in a research report on Thursday, June 13th. Morgan Stanley raised their target price on Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an equal weight rating in a report on Wednesday, May 15th. Royal Bank of Canada boosted their price objective on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a sector perform rating in a report on Friday, August 2nd. Scotiabank raised their target price on shares of Mid-America Apartment Communities from $151.00 to $161.00 and gave the stock a sector perform rating in a research note on Monday. Finally, JMP Securities boosted their price target on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a market perform rating in a research note on Friday. August 2. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Mid-America Apartment Communities presently has a consensus rating of Hold and a consensus price target of $154.66, according to MarketBeat.

Read our latest report on Mid-America apartment communities

Mid-America apartment community inventories rose 0.9%

Shares of MAA stock opened at $158.04 on Monday. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 3.27 and a beta of 0.85. The firm has a 50 day moving average of $145.34 and a two hundred day moving average of $136.19. Mid-America Apartment Communities has a 12-month low of $115.56 and a 12-month high of $158.52. The company has a current ratio of 0.12, a quick ratio of 0.12, and a debt-to-equity ratio of 0.76.

Institutional inputs and outputs

Several hedge funds and other institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $26,000. First United Bank & Trust purchased a new stake in Mid-America Apartment Communities during the fourth quarter valued at approximately $27,000. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth about $26,000. Versant Capital Management Inc lifted its position in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Mid-America Apartment Communities in the first quarter valued at approximately $32,000. 93.60% of the shares are currently owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

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MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on providing superior, full-cycle investment performance for shareholders by owning, managing, acquiring, developing and redeveloping quality apartment communities, primarily in the South eastern, southwestern, and Mid-Atlantic Regions of the United States.

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