BMO Capital analyst John Kim assigned a Buy rating to Mid-America Apartment (MAA) today and set a price target of $120. The company’s shares closed on Friday at $107.94, close to its 52-week high of $109.19.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 5.0% and a 60.7% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
Mid-America Apartment has an analyst consensus of Strong Buy, with a price target consensus of $112.60, which is a 4.3% upside from current levels. In a report issued on March 11, Barclays also maintained a Buy rating on the stock with a $116 price target.
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The company has a one-year high of $109.19 and a one-year low of $86.96. Currently, Mid-America Apartment has an average volume of 591.6K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.
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Mid-America Apartment Communities, Inc. is a real estate investment trust, which engages in the operation, acquisition and development of apartment communities. It operates through the Same Store Communities, and Non-Same Store and Other segments.
