Mid-America Apartment Communities Inc (MAA) is Upgraded by SunTrust to Buy

Mid-America Apartment Communities Inc (MAA) was Upgraded by SunTrust to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. SunTrust advised their investors in a research report released on Aug 19, 2016.

Many Wall Street Analysts have commented on Mid-America Apartment Communities Inc. Mid-America Apartment Communities Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jul 15, 2016.

On the company’s financial health, Mid-America Apartment Communities Inc reported $1.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.47. The company had revenue of $272.20 million for the quarter, compared to analysts expectations of $272.82 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS.

Mid-America Apartment Communities Inc opened for trading at $94.47 and hit $95.33 on the upside on Wednesday, eventually ending the session at $95.02, with a gain of 1.07% or 1.01 points. The heightened volatility saw the trading volume jump to 16,03,016 shares. Company has a market cap of $7,177 M.

In a different news, on Jun 30, 2016, H Eric Jr Bolton (President and CEO) purchased 60 shares at $82.88 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 Company’s 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 Company’s 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.

Mid-America Apartment Communities Inc

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