Mid-America Apartment Communities (MAA) : The consensus price target for Mid-America Apartment Communities (MAA) is $108.25 for the short term with a standard deviation of $6.77. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $119, however, the pessimist price target for the company is $98.
Mid-America Apartment Communities (MAA) has an average broker rating of 2.15, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Also, BTIG Research initiates coverage on Mid-America Apartment Communities (NYSE:MAA). The current rating of the shares is Neutral, according to the research report released by the firm. The rating by the firm was issued on August 25, 2016.
Mid-America Apartment Communities (NYSE:MAA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.99 and $93.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.00, notching a gain of 1.07% for the day. The total traded volume was 620,998 . The stock had closed at $93.99 on the previous day.
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 Companys 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 Companys 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.