Mid-America Apartment Communities Inc (MAA) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Mid-America Apartment Communities Inc. Mid-America Apartment Communities Inc was Downgraded by Mizuho to ” Neutral” on Mar 21, 2016. DA Davidson Downgraded Mid-America Apartment Communities Inc on Mar 11, 2016 to ” Neutral”, Price Target of the shares are set at $97.Company shares were Reiterated by Oppenheimer on Feb 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 104 from a previous price target of $103 .
On the company’s financial health, Mid-America Apartment Communities Inc reported $1.45 EPS for the quarter, based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus estimate of $1.45. The company had revenue of $263.34 million for the quarter, compared to analysts expectations of $263.22 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.
Mid-America Apartment Communities Inc closed down -1.37 points or -1.41% at $95.63 with 2,70,286 shares getting traded on Wednesday. Post opening the session at $97.07, the shares hit an intraday low of $95.23 and an intraday high of $97.63 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jan 5, 2016, H Eric Jr Bolton (President and CEO) purchased 70 shares at $70.63 per share price. According to the SEC, on Sep 4, 2015, Robert J. Delpriore (EVP, General Counsel) sold 1,040 shares at $77.67 per share price. On Jun 11, 2015, Gary Shorb (director) purchased 700 shares at $73.85 per share price, according to the Form-4 filing with the securities and exchange commission.
Mid-America Apartment Communities Inc. is a multifamily focused self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments L.P. The Company owns operates acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Companys segments include large market same store communities secondary market same store communities and non-same store communities and other. As of December 31 2014 the Companys activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties located in Alabama Arizona Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri Nevada North Carolina South Carolina Tennessee Texas and Virginia.