Mid-America Apartment (MAA) Received its Third Buy in a Row


After KeyBanc and BMO Capital gave Mid-America Apartment (NYSE: MAA) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Ross L Smotrich maintained a Buy rating on Mid-America Apartment yesterday and set a price target of $119. The company’s shares closed yesterday at $109.93, close to its 52-week high of $111.10.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.

Currently, the analyst consensus on Mid-America Apartment is a Moderate Buy with an average price target of $112.60.

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Based on Mid-America Apartment’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $61.2 million. In comparison, last year the company had a net profit of $48.94 million.

Based on the recent corporate insider activity of 59 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.

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