Mid-America Apartment Receives a Buy from BMO Capital

By Austin Angelo

BMO Capital analyst John Kim reiterated a Buy rating on Mid-America Apartment (NYSE: MAA) today and set a price target of $105. The company’s shares closed yesterday at $99.47.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 5.9% and a 66.0% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Urstadt Biddle Properties Inc, and Franklin Street Properties.

Currently, the analyst consensus on Mid-America Apartment is Strong Buy and the average price target is $108.20, representing an 8.8% upside.

In a report issued on February 13, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $107 price target.

The company has a one year high of $110.01 and a one year low of $85.04. Currently, Mid-America Apartment has an average volume of 1.43M.

Based on the recent corporate insider activity of 57 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. Most recently, in December 2016, Edward Thomas Wright, the EVP, Dev and Cap Projects of MAA sold 312 shares for a total of $28,897.

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. The company was founded in 1994 and is headquartered in Memphis, TN.