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In Volatile Markets Do Analysts Think You Should Buy Mid-America Apartment Communities, Inc. (NYSE:MAA)?

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Mid- America Apartment Communities , Inc. (NYSE:MAA). According to the most recently released broker notes , 4 analysts have a rating of “strong buy” on the stock, 8 analysts “buy”, 6 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”. Latest Recommended Buy/Sell Side Ratings: 07/06/2017 – Mid- America Apartment Communities , Inc. was downgraded to “” by analysts at UBS. They now have a USD 107 price target on the stock. 04/18/2017 – Mid- America Apartment Communities , Inc. had its “” rating reiterated by analysts at Barclays. They now have a USD 117 price target on the stock. 03/30/2017 – Mid- America Apartment Communities , Inc. had its “” rating reiterated by analysts at Jefferies. They now have a USD 115 price target on the stock. 12/13/2016 – Mid- America Apartment Communities , Inc. was upgraded to “” by analysts at RBC Capital. They now have a USD 1...

Scuttlebiz: Mom-and-pop closes while chains remain the same

Funny how your tastes change. There once was a time – back when Coolio actually was cool – when I desperately wanted to live in a town with an Applebee’s . I now reside in a metro area with five, and I’m more concerned that a hole-in-the-wall joint like Silla Cafe is closing. The Broad Street eatery , whose teriyaki chicken has been beloved by downtown denizens for more than two decades, is calling it quits next month. Owned and operated by Felton and Tae Mitchell , the literal “mom-and-pop” restaurant serves its last dish at 855 Broad St. on Sept. 14. “We had fun, but we’re ready to retire now,” Tae said. “We’ve been talking about retiring for a couple years now.” She said that decision to retire was hastened, however, by a steep increase in their rent. “It’s almost double,” she said in a phone interview. Last year the building was purchased by Rafik “Rafi” Bassali , a young real estate investor who is becoming somewhat of a downtown property mogul . The owner of The Swank Company...

What price is affordable? Luxury apartments at a discount — sort of

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To Alice Fonseca, getting an apartment at The Beverly building downtown would be like winning the lottery. The 14-story project, set to open near North Station early next year, isn’t quite like all the other luxury housing that has sprouted up in downtown Boston recently . Every one of its 249 units will rent at below-market rates, with a one-bedroom starting at $900 a month for tenants of modest incomes. That’s about a third to half the cost of a similar unit just across the street. Advertisement “It’s a beautiful area , a dream area,” said Fonseca, who currently lives near Franklin Park, and will enter a lottery later this year that will choose The Beverly’s tenants. Instead of the usual mix of a few low- income units amid high -priced apartments, The Beverly is the first new complex in Boston composed entirely of “workforce housing,” an emerging category of midpriced housing with more affordable rents and wider income restrictions . The Beverly is setting aside 20 percent of its...