Morgan Keegan Maintains Market Perform Rating On MAA

Analysts at Morgan Keegan reaffirmed their Market Perform rating on shares of Mid-America Apartment Communities (

) after the company reported earnings below expectations. Morgan Keengan issued a price target of $55, stating "MAA continues to achieve solid leasing results and acquisition opportunities are picking up. At this time, however, we see modest growth into 2011, and no identifiable catalyst. Mid-America Apartment Communities, Inc., a real estate investment trust, engages in acquiring, owning, and operating apartment communities primarily in the Sunbelt region of the United States.