Economy

America Apartment Communities, Inc. (MAA) Downgraded by JMP Securities to Market Perform

They issued a "hold" rating and a $113.00 price target on the stock. Finally, Jefferies Group LLC reissued a "buy" rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, July 10th. BTIG Research raised shares of Mid-America Apartment Communities from a "neutral" rating to a "buy" rating and set a $116.00 price target on the stock in a research note on Friday, September 8th. RBC Capital Markets maintained Mid-America Apartment Communities Inc (NYSE:MAA) on Friday, October 20 with "Buy" rating. $49,450 worth of Mid-America Apartment Communities Inc (NYSE:MAA) was bought by Shorb Gary on Tuesday, May 9. PNC Financial Services Group Inc. lifted its position in shares of Mid-America Apartment Communities by 8.8% during the first quarter. BMO Capital Markets upgraded the stock to "Outperform" rating in Wednesday, November 30 report.

Short traders are feeling a little more bearish of late if you look at the increase in short interest. Deroy Devereaux Private Invest Counsel invested in 16,375 shares or 0.2% of the stock. Oakworth Capital Inc who had been investing in Mid for a number of months, seems to be less bullish one the $11.52B market cap company. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) earned "Outperform" rating by Robert W. Baird on Friday, December 2. The firm's 50 day moving average price is $106.54 and its 200 day moving average price is $104.38.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 25th. The dividend was $0.870 per share for the quarter which comes to $3.48 on an annualized basis. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The company had revenue of $384.60 million during the quarter, compared to analyst estimates of $386.96 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. Alliancebernstein L.P. lifted its stake in Mid-America Apartment Communities by 90.7% in the 2nd quarter. (NYSE:MAA) are -2.32%; -4.58% for the month; -1.82% for the last quarter; 2.43% for the past six-months; and 12.88% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Mid-America Apartment Communities Inc (NYSE:MAA) has risen 0.92% since October 30, 2016 and is uptrending.

TRADEMARK VIOLATION WARNING: This story was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another publication, it was illegally copied and republished in violation of USA & worldwide copyright law. Gradient Invests Limited Co has invested 0% in Mid-America Apartment Communities Inc (NYSE:MAA). The company declared a dividend paid on Tuesday the 31st of October 2017. This dividend represents a yield of $3.49 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 12th of October 2017. State Of Tennessee Treasury Department has invested 0.02% in Mid-America Apartment Communities Inc (NYSE:MAA). The shares were bought at an average price of $100.11 per share, with a total value of $700,770.00. The institutional investor held 9,423 shares of the consumer services company at the end of 2017Q2, valued at $993,000, down from 14,103 at the end of the previous reported quarter. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the company's stock in a transaction dated Wednesday, September 6th. The stock traded volume of 0.95 million shares during its recent trading session while it's an average volume stands around 0.59 million shares. Following the transaction, the director now directly owns 8,209 shares of the company's stock, valued at approximately $821,802.99. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of MAA. Bronfman E.L. Rothschild L.P. raised its stake in shares of Mid-America Apartment Communities by 32.9% in the second quarter. JPMorgan Chase & Co. increased its position in Mid-America Apartment Communities by 41.4% in the third quarter. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has "Buy" rating given on Monday, June 5 by Jefferies. Cbre Clarion Securities LLC now owns 1,934,644 shares of the real estate investment trust's stock valued at $203,873,000 after buying an additional 58,353 shares in the last quarter. New York-based Jane Street Ltd has invested 0.01% in Mid-America Apartment Communities Inc (NYSE:MAA). Suntrust Robinson downgraded Mid-America Apartment Communities Inc (NYSE:MAA) on Friday, January 22 to "Neutral" rating. The Firm owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States.



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