Mizuho Maintains Neutral Rating for Mid-America Apartment: Here's What You Need To Know

Mizuho has decided to maintain its Neutral rating of Mid-America Apartment MAA and lower its price target from $159.00 to $133.00.

Shares of Mid-America Apartment are trading down 0.6% over the last 24 hours, at $129.70 per share.

A move to $133.00 would account for a 2.54% increase from the current share price.

About Mid-America Apartment

Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.