Piper Sandler analyst Alexander Goldfarb maintained a Hold rating on Mid-America Apartment (MAA – Research Report) today and set a price target of $140.00. The company’s shares closed yesterday at $125.18.
Goldfarb covers the Real Estate sector, focusing on stocks such as AvalonBay, SL Green Realty, and UDR. According to TipRanks, Goldfarb has an average return of 2.0% and a 53.95% success rate on recommended stocks.
In addition to Piper Sandler, Mid-America Apartment also received a Hold from Scotiabank’s Nicholas Yulico in a report issued today. However, yesterday, Barclays maintained a Buy rating on Mid-America Apartment (NYSE: MAA).
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Based on Mid-America Apartment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $542.04 million and a net profit of $113.73 million. In comparison, last year the company earned a revenue of $520.78 million and had a net profit of $125.7 million
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Mid-America Apartment (MAA) Company Description:
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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