.jpg "Mid-America Apartment (NYSE: MAA)")
Robert W. Baird analyst Drew Babin reiterated a Buy rating on Mid-America Apartment (NYSE: MAA) yesterday and set a price target of $105. The company’s shares opened today at $101.90.
According to TipRanks.com, Babin is a 4-star analyst with an average return of 9.6% and a 81.3% success rate. Babin covers the Financial sector, focusing on stocks such as Bluerock Residential Growth, Physicians Realty Trust, and Education Realty Trust.
Mid-America Apartment has an analyst consensus of Moderate Buy, with a price target consensus of $106.20, representing a 4.2% upside. In a report issued on August 8, SunTrust Robinson also reiterated a Buy rating on the stock with a $105 price target.
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Mid-America Apartment’s market cap is currently $11.57B and has a P/E ratio of 33.67. The company has a Price to Book ratio of 1.85.
Based on the recent corporate insider activity of 48 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.
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 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.
