Mid-America Apartment Communities (NYSE:MAA) Given New $146.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo lowered its price target for Mid-America Apartment Communities from $148 to $146 while maintaining an “overweight” rating, implying 12.78% upside from the prior close.
• Analyst sentiment is mixed: MAA has a consensus “Hold” rating and an average price target of $144.69, based on eight Buy, eleven Hold, and one Sell rating.
• MAA shares rose 0.5% to $129.46, while institutional investors own 93.6% of the stock. The REIT’s latest quarterly EPS of $2.08 substantially exceeded the $0.76 consensus estimate, though revenue was slightly below expectations.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price objective dropped by equities research analysts at Wells Fargo & Company from $148.00 to $146.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would suggest a potential upside of 12.78% from the company's previous close.

MAA has been the subject of several other reports. Cantor Fitzgerald reiterated a "neutral" rating on shares of Mid-America Apartment Communities in a report on Thursday. Mizuho upped their target price on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. assumed coverage on Mid-America Apartment Communities in a report on Thursday, July 16th. They set a "neutral" rating and a $147.00 price target for the company. Barclays lowered their price target on Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. Finally, Scotiabank cut their price objective on shares of Mid-America Apartment Communities from $137.00 to $134.00 and set a "sector underperform" rating on the stock in a research report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus target price of $144.69.

Mid-America Apartment Communities Stock Up 0.5%

NYSE:MAA traded up $0.60 on Tuesday, hitting $129.46. 71,132 shares of the company's stock traded hands, compared to its average volume of 979,820. The firm has a 50-day moving average price of $134.48 and a 200-day moving average price of $131.42. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The company has a market cap of $15.02 billion, a PE ratio of 37.85 and a beta of 0.73. Mid-America Apartment Communities has a 1 year low of $120.30 and a 1 year high of $146.41.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million during the quarter, compared to analysts' expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $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. Equities analysts anticipate that Mid-America Apartment Communities will post 8.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Values First Advisors Inc. boosted its holdings in Mid-America Apartment Communities by 0.5% during the first quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust's stock valued at $1,889,000 after acquiring an additional 82 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Mid-America Apartment Communities by 1.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust's stock worth $750,000 after purchasing an additional 100 shares during the period. Larson Financial Group LLC lifted its position in shares of Mid-America Apartment Communities by 1.5% during the 4th quarter. Larson Financial Group LLC now owns 7,008 shares of the real estate investment trust's stock worth $974,000 after purchasing an additional 102 shares during the last quarter. World Investment Advisors boosted its stake in Mid-America Apartment Communities by 5.3% during the 1st quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust's stock valued at $265,000 after purchasing an additional 110 shares during the period. Finally, Hurley Capital LLC boosted its stake in Mid-America Apartment Communities by 70.4% during the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 112 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc NYSE: MAA is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA's portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.

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