Market Overview

UPDATE: Jefferies Upgrades Mid-America Apartment Communities As Multiple Expansion Is Warranted


In a report published Monday, Jefferies analyst Omotayo Okusanya upgraded the rating on Mid-America Apartment Communities Inc (NYSE: MAA) from Hold to Buy, and raised the price target from $71.00 to $88.00.

In the report, Jefferies noted, “Our upgrade is based on a clearer path of solid FFO growth now that we are past the bulk of the CLP integration. We think MAA will benefit from multiple expansion in 2015 and trade at a smaller discount to its peers, based on the improvement in its overall portfolio and growth prospects via capital recycling and redevelopment. For more details see our 2015 REIT Outlook also published today.”

Mid-America Apartment Communities closed on Friday at $78.83.

Latest Ratings for MAA

Nov 2019Initiates Coverage OnNeutral
Nov 2019MaintainsNeutral
Oct 2019MaintainsOverweight

View More Analyst Ratings for MAA
View the Latest Analyst Ratings

Posted-In: Jefferies Omotayo OkusanyaAnalyst Color Upgrades Analyst Ratings


Related Articles (MAA)

View Comments and Join the Discussion!

Latest Ratings

NRZPiper JaffrayDowngrades16.0
MYORoth CapitalDowngrades
KHCGoldman SachsDowngrades29.0
HARPRoth CapitalInitiates Coverage On25.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Benzinga's Top Initiations

Tekmira Pharmaceuticals Soars 50% Following OnCore Biopharma Merger