Mid-America Aptmt (NYSE:MAA) Downgrade of Rating
Mid-America Aptmt (NYSE:MAA)’s Mkt Outperform rating is no longer valid. investment analysts at JMP Securities lowered Mid-America Aptmt (NYSE:MAA)’s rating to Mkt Perform.
This stock rating downgrade is probably noticed by stock investors, as NYSE:MAA is at the moment trading -0.20% lower at $105.55 as of 2:05 AM New York time. Mid-America Aptmt’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has surged 6.00% in the same time.
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 downside potential of 1.19% over the current price.
Barings Real Estate Advisers Llc had the biggest stake with ownership of 99,430 shares as of q2 2015 for 2.92% of the portfolio. Breton Hill Capital Ltd. is another bullish investment manager who is owning 85,180 shares of Mid-America Aptmt or 2.43% of their portfolio. Also, Leavell Investment Management Inc. have 2.05% of their 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 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 down -0.20% on 19 October, hitting $105.55. A total of 134,712 shares of the company’s stock traded hands. This is down from average of 623,930 shares. Mid-America Aptmt has a 52 week low of $87.59 and a 52 week high of $110.95. The company has a market cap of $11.99B and a P/E ratio of 45.49.
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The post New York: Mid-America Aptmt (NYSE:MAA) Stock Rating Lowered to Mkt Perform by Analysts at JMP Securities. Lost Its Mkt Outperform Rating appeared first on Octafinance.