Information Provided By:
Fly News Breaks for April 13, 2016
MAA
Apr 13, 2016 | 07:41 EDT
Oppenheimer analyst Steve Manaker raised his price target for Mid-America Apartment to $115 from $104. While the company has traded at a 22% discount since 2004, Manaker expects this to narrow as the company's markets grow rental rates faster than average. The analyst believes Mid-America Apartment should achieve "strong" growth due to its strong operating platform, attractive capital deployment opportunities within its existing portfolio and continued strengthening of its markets. The analyst reiterates an Outperform rating on the shares.
News For MAA From the Last 2 Days
There are no results for your query MAA