SunTrust Robinson Humphrey Upgrades Mid-America Apartment Communities Inc to Buy

Brokerage firm SunTrust Robinson Humphrey Upgrades its rating on Mid-America Apartment Communities Inc(NYSE:MAA). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Aug 19, 2016.

In a different note, On Aug 15, 2016, Jefferies said it Downgrades its rating on Mid-America Apartment Communities Inc. The shares have been rated ‘Hold’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on Mid-America Apartment Communities Inc. In the research note, the firm Lowers the price-target to $115.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 8, 2016, Citigroup said it Maintains its rating on Mid-America Apartment Communities Inc. In the research note, the firm Raises the price-target to $100.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, KeyBanc said it Upgrades its rating on Mid-America Apartment Communities Inc. The shares have been rated ‘Overweight’ by the firm. On Jul 15, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Mid-America Apartment Communities Inc. In the research note, the firm Raises the price-target to $103.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 8, 2016, Jefferies said it Maintains its rating on Mid-America Apartment Communities Inc. In the research note, the firm Lowers the price-target to $104.00 per share. The shares have been rated ‘Hold’ by the firm.

Mid-America Apartment Communities Inc (MAA) made into the market gainers list on Mondays trading session with the shares advancing 0.68% or 0.64 points. Due to strong positive momentum, the stock ended at $94.41, which is also near the day’s high of $95.32. The stock began the session at $94.23 and the volume stood at 7,18,370 shares. The 52-week high of the shares is $110.01 and the 52 week low is $75. The company has a current market capitalization of $7,131 M and it has 7,55,34,086 shares in outstanding.

Mid-America Apartment Communities Inc(MAA) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $272.24M. Analysts had an estimated revenue of $272.71M. Earnings per share were $1.49. Analysts had estimated an EPS of $1.46.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, H Eric Jr Bolton (President and CEO) purchased 60 shares at $82.88 per share price.Also, On Sep 4, 2015, Robert J. Delpriore (EVP, General Counsel) sold 1,040 shares at $77.67 per share price.On Jun 11, 2015, Gary Shorb (director) purchased 700 shares at $73.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Mid-America Apartment Communities Inc. is a multifamily focused self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments L.P. The Company owns operates acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Company’s segments include large market same store communities secondary market same store communities and non-same store communities and other. As of December 31 2014 the Company’s activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties located in Alabama Arizona Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri Nevada North Carolina South Carolina Tennessee Texas and Virginia.

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