Mid-America Aptmt (NYSE:MAA) Rating Improved
UBS gave Mid-America Aptmt (NYSE:MAA) shares a new Buy rating in analysts report revealed to investors and clients on Tuesday, 14 March. This is increase from the previous Neutral rating. The company currently has $107.0 TP on Mid-America Aptmt (NYSE:MAA), suggesting 9.45 % upside potential.
This stock rating upgrade is welcomed by stock speculators, as NYSE:MAA is right now trading 1.24% higher at $98.97 as of 4:00 AM New York time. Mid-America Aptmt shares have [From2] 0% over the past 200 days, while the S&P500 has risen 13.53% in the same time period.
According to data compiled by Thomson Reuters, Mid-America Aptmt (NYSE:MAA)’s stock is covered by 14 equity analysts across the Street, with 0 analysts giving it a Sell rating, 5 a Buy rating, while 13 consider it a Hold. The 12-month consensus target price for the stock is $104.29, which reflects an upside potential of 5.38% over the current price.
Barings Real Estate Advisers Llc had the most significant stake with ownership of 99,430 shares as of q2 2015 for 2.92% of the fund’s portfolio. Breton Hill Capital Ltd. is another very bullish investment manager who is having 85,180 shares of Mid-America Aptmt or 2.43% of their fund’s portfolio. Moreover, Leavell Investment Management Inc. have 2.05% of their fund’s portfolio invested in the company for 148,159 shares. The Alabama-based fund Eagle Capital Management Llc disclosed it had acquired so far a stake worth about 1.98% of the investment manager’s stock portfolio in Mid-America Aptmt. The Ohio-based fund Schulhoff & Co Inc is also positive about the stock, possessing 28,358 shares or 1.89% of their fund’s portfolio.
Mid-America Aptmt (NYSE:MAA) Profile
Mid-America Apartment Communities, Inc. is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.
Mid-America Aptmt (NYSE:MAA) traded up 1.24% on 14 March, hitting $98.97. A total of 500,977 shares of the company’s stock traded hands. This is down from average of 768,272 shares. Mid-America Aptmt has a 52 week low of $85.04 and a 52 week high of $110.01. The company has a market cap of $11.31 billion and a P/E ratio of 36.7.
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The post Professional Analysts at UBS Upgraded Mid-America Aptmt (NYSE:MAA) Rating from Neutral to Buy. The Stock Has 9.45 % Upside Potential and $107.0 Target Price appeared first on Octafinance.