Barclays Releases a Buy Rating on Mid-America Apartment

By Jason Carr

Barclays analyst Ross L Smotrich maintained a Buy rating on Mid-America Apartment (NYSE: MAA) on April 18 and set a price target of $117. The company’s shares closed yesterday at $101.39.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.8% and a 68.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Apartment Investment & Management, and General Growth Properties Inc.

Mid-America Apartment has an analyst consensus of Strong Buy, with a price target consensus of $109.80.

Mid-America Apartment’s market cap is currently $11.48B and has a P/E ratio of 38.68. The company has a book value ratio of 1.8063.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock.

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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.