Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $125.00 at Scotiabank

Key Points

• Scotiabank lowered Mid-America Apartment Communities’ price target from $134 to $125 and maintained a “sector underperform” rating, implying only 2.58% upside from the prior close.
• Analyst sentiment remains cautious: MAA has a consensus “Hold” rating and an average price target of $142.31, based on eight Buy, eleven Hold, and one Sell rating.
• MAA shares traded near $121.86, close to their 52-week low of $120.30. The REIT reported quarterly EPS of $2.08, substantially above the $0.76 consensus estimate, while revenue of $555.13 million was slightly below expectations.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its target price lowered by stock analysts at Scotiabank from $134.00 to $125.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "sector underperform" rating on the real estate investment trust's stock. Scotiabank's target price points to a potential upside of 2.58% from the company's previous close.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of Mid-America Apartment Communities in a research report on Thursday, July 16th. They issued a "neutral" rating and a $147.00 target price on the stock. Weiss Ratings raised shares of Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 20th. Piper Sandler cut their price objective on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. UBS Group reaffirmed a "hold" rating and set a $129.00 target price (down from $132.00) on shares of Mid-America Apartment Communities in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price target on Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 1st. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $142.31.

Mid-America Apartment Communities Trading Down 0.0%

MAA stock traded down $0.04 during trading on Thursday, reaching $121.86. The company had a trading volume of 193,207 shares, compared to its average volume of 980,983. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a 52 week low of $120.30 and a 52 week high of $144.41. The business has a 50 day moving average of $131.45 and a 200 day moving average of $130.75. The company has a market cap of $14.14 billion, a P/E ratio of 35.63 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $1.32. The company had revenue of $555.13 million during the quarter, compared to analysts' expectations of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 EPS. 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, sell-side analysts forecast that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake in Mid-America Apartment Communities by 89.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,177 shares of the real estate investment trust's stock valued at $580,000 after acquiring an additional 1,973 shares during the period. National Pension Service raised its holdings in shares of Mid-America Apartment Communities by 18.2% during the second quarter. National Pension Service now owns 10,318 shares of the real estate investment trust's stock valued at $1,434,000 after purchasing an additional 1,591 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Mid-America Apartment Communities by 93.1% during the second quarter. Integrated Wealth Concepts LLC now owns 11,812 shares of the real estate investment trust's stock valued at $1,641,000 after purchasing an additional 5,694 shares during the period. NewEdge Advisors LLC boosted its holdings in Mid-America Apartment Communities by 40.0% in the second quarter. NewEdge Advisors LLC now owns 12,817 shares of the real estate investment trust's stock worth $1,781,000 after purchasing an additional 3,665 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Mid-America Apartment Communities by 73.2% in the second quarter. Squarepoint Ops LLC now owns 84,017 shares of the real estate investment trust's stock worth $11,673,000 after purchasing an additional 35,522 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA's portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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