Mid-America Apartment Communities (NYSE:MAA) Given New $131.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo lowered MAA’s price target from $146 to $131 while maintaining an “overweight” rating, implying approximately 13% upside from the prior close.
• Analyst sentiment is mixed: eight analysts rate the stock a Buy, 11 rate it Hold and one rates it Sell. The consensus rating is “Hold,” with an average price target of $138.62.
• MAA shares traded at $115.91, near their one-year low of $113.95. The apartment REIT reported quarterly EPS of $2.08, well above the $0.76 consensus estimate, while revenue was $555.13 million.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price target lowered by Wells Fargo & Company from $146.00 to $131.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective points to a potential upside of 13.02% from the company's previous close.

A number of other equities research analysts have also issued reports on MAA. Morgan Stanley reduced their target price on Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 12th. Jefferies Financial Group raised Mid-America Apartment Communities to a "hold" rating in a research report on Wednesday, July 22nd. UBS Group dropped their price target on Mid-America Apartment Communities from $129.00 to $123.00 and set a "neutral" rating for the company in a research report on Wednesday, October 14th. Royal Bank Of Canada cut their price target on Mid-America Apartment Communities from $138.00 to $127.00 and set a "sector perform" rating for the company in a report on Tuesday, October 13th. Finally, KeyCorp restated an "overweight" rating on shares of Mid-America Apartment Communities in a research report on Tuesday, September 29th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $138.62.

Mid-America Apartment Communities Price Performance

MAA traded down $0.72 during midday trading on Monday, reaching $115.91. 242,571 shares of the company's stock were exchanged, compared to its average volume of 1,009,905. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $13.45 billion, a PE ratio of 33.89 and a beta of 0.75. The business's 50-day moving average price is $124.11 and its 200 day moving average price is $129.17. Mid-America Apartment Communities has a 1-year low of $113.95 and a 1-year high of $144.41.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.32. The company had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. As a group, equities analysts anticipate that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its stake in Mid-America Apartment Communities by 593.1% in the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 172 shares during the period. Raiffeisen Bank International AG grew its stake in Mid-America Apartment Communities by 116.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust's stock worth $31,000 after buying an additional 119 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in Mid-America Apartment Communities during the 4th quarter worth $32,000. Root Financial Partners LLC increased its position in Mid-America Apartment Communities by 3,100.0% in the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust's stock worth $35,000 after buying an additional 279 shares during the period. Finally, Transamerica Financial Advisors LLC acquired a new stake in Mid-America Apartment Communities in the second quarter worth $37,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc NYSE: MAA is a real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.

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