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SunTrust Banks Inc. covered Mid-America Apartment Communities Inc (NYSE:MAA), hiking its price target to $108.00 today

In a report released on 8/19/2016 SunTrust Banks Inc. increased the target price of Mid-America Apartment Communities Inc (NYSE:MAA) from $0 to $108 reporting a possible upside of 0.14%.

Showing a price of $94.36, Mid-America Apartment Communities Inc (NYSE:MAA) traded 0.13% lower on the day. With the last stock price down 7.45% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the date range. Mid-America Apartment Communities Inc has been tracking to a 50-day moving average of $98.13 and two hundred day moving average of $100.08. 727,153 shares of the stock exchanged hands, up from ann avg. trading volume of 709,811

Performance Chart:

Mid-America Apartment Communities Inc (NYSE:MAA)

Mid-America Apartment Communities Inc has a P/E of 31 with a 52 week low of $78.21 and a 52 week high of $110.01 and has a total market value of $0.0.

Also covering Mid-America Apartment Communities Inc’s stock price target, a total of 14 analysts have reported on MAA. The one year target stock price is $104.29 with two firms rating the company a strong buy, three firms rating the stock a buy, 13 analyts rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the company as sell.

More About Mid-America Apartment Communities Inc (NYSE:MAA)

Mid-America Apartment Communities, Inc. (MAA) is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company’s segments include Large market same store communities segment, including communities in markets with a population of approximately one million and approximately 1% of the total public multifamily REIT units that it has owned and that have been stabilized for over 12 months; Secondary market same store communities segment, including communities in markets with populations of approximately one million with over 1% of the total public multifamily REIT units or markets with populations of approximately one million that it has owned and that have been stabilized for approximately 12 months, and Non same store communities and other segment, including recent acquisitions, communities in development or lease-up, communities that have been identified for disposition, and and communities that have undergone a significant casualty loss.

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