In a report released today, John Kim from BMO Capital maintained a Hold rating on Mid-America Apartment (MAA), with a price target of $110.00. The company’s shares closed last Tuesday at $103.79.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 1.2% and a 50.1% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mid-America Apartment with a $129.80 average price target, a 17.9% upside from current levels. In a report issued on April 2, Mizuho Securities also maintained a Hold rating on the stock with a $98.00 price target.
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Based on Mid-America Apartment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $417 million and net profit of $150 million. In comparison, last year the company earned revenue of $398 million and had a net profit of $61.28 million.
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Mid-America Apartment Communities, Inc. is a real estate investment trust. The firm engages in the operation, acquisition and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned. The Non-Same Store and Other segment include recent acquisitions, communities in development or lease-up. The company was founded in 1994 and is headquartered in Memphis, TN.
