In a report released today, Buck Horne from Raymond James downgraded Mid-America Apartment (MAA) to Hold, with a price target of $105. The company’s shares closed yesterday at $109.90, close to its 52-week high of $110.29.
Horne has an average return of 6.7% when recommending Mid-America Apartment.
According to TipRanks.com, Horne is ranked #1069 out of 5244 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mid-America Apartment with a $112.60 average price target, implying a 2.5% upside from current levels. In a report released yesterday, Janney Montgomery also downgraded the stock to Hold.
See today’s analyst top recommended stocks >>
The company has a one-year high of $110.29 and a one-year low of $87.47. Currently, Mid-America Apartment has an average volume of 575.3K.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
