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Mid-America Apartment (MAA) was Downgraded to a Hold Rating at Raymond James

Mid-America Apartment (MAAResearch Report) received a Hold rating from Raymond James analyst Buck Horne today. The company’s shares closed last Wednesday at $178.05.

According to TipRanks.com, Horne is a 4-star analyst with an average return of 6.9% and a 58.6% success rate. Horne covers the Financial sector, focusing on stocks such as NexPoint Residential, CatchMark Timber, and Invitation Homes.

Currently, the analyst consensus on Mid-America Apartment is a Moderate Buy with an average price target of $199.64, implying an 11.3% upside from current levels. In a report issued on July 27, BMO Capital also maintained a Hold rating on the stock with a $195.00 price target.

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The company has a one-year high of $231.63 and a one-year low of $158.86. Currently, Mid-America Apartment has an average volume of 636.5K.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAA in relation to earlier this year.

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. 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.

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