Jefferies Upgrades Mid-America Apartment Communities (MAA) to Buy

Jefferies upgraded Mid-America Apartment Communities (NYSE: MAA) from Hold to Buy with a price target of $72 (up from $64).

The firm comments, "We are upgrading MAA shares to Buy, from Hold, as we believe it represents an attractive GARP (growth at a reasonable price) play in the Apartment REIT space. We believe investors are underestimating the recovery in the Sunbelt market given 1) employment trends and household formation are forecast to outpace national trends, and 2) new housing and apartment supply looks manageable relative to demand."

For an analyst ratings summary and ratings history on Mid-America Apartment Communities click here. For more ratings news on Mid-America Apartment Communities click here.

Shares of Mid-America Apartment Communities closed at $64.15 yesterday, with a 52 week range of $55.10-$73.36.

---

Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• Wells Fargo Upgrades Aeropostale, Inc. (ARO) to Market Perform; Risk/Reward Even Given Improving Trends
• BMO Capital Upgrades Bunge (BG) to Outperform
• Nomura Securities Maintains a 'Buy' on Melco Crown Entertainment (MPEL); Raising PT and Estimates

Create E-mail Alert Related Categories

Analyst PT Change, Upgrades

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter