SunTrust Robinson analyst Michael R Lewis reiterated a Buy rating on Mid-America Apartment (NYSE: MAA) yesterday and set a price target of $105. The company’s shares closed yesterday at $100.48.
According to TipRanks.com, Lewis is a 4-star analyst with an average return of 6.1% and a 69.7% success rate. Lewis covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Easterly Government Properties, and Office Properties Trust.
Currently, the analyst consensus on Mid-America Apartment is a Moderate Buy with an average price target of $105.20.
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The company has a one-year high of $110.24 and a one-year low of $85.16. Currently, Mid-America Apartment has an average volume of 617.1K.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MAA in relation to earlier this year.
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Mid-America Apartment Communities, Inc. is a real estate investment trust, which owns and manages apartments in the Sunbelt region of the United States. It operates through the following segments: Large Market Same Store Communities, Secondary Market Same Store Communities and Non Same Store Communities & Other.
