Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $140.00 at Mizuho

Key Points

• Mizuho lowered Mid-America Apartment Communities’ price target to $140 from $152 while maintaining an “outperform” rating, implying approximately 9.36% upside from the reported $128.01 share price.
• Analyst sentiment is mixed, with eight Buy ratings, 11 Holds, and one Sell; the stock has an overall “Hold” consensus and an average price target of $143.94.
• MAA exceeded quarterly EPS expectations, reporting $2.08 versus the $0.76 consensus estimate, while revenue reached $555.13 million and rose 1% year over year.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its target price cut by equities researchers at Mizuho from $152.00 to $140.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Mizuho's target price would indicate a potential upside of 9.36% from the company's current price.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a "hold" rating in a research note on Wednesday, July 22nd. Piper Sandler lowered their price objective on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Wall Street Zen raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. UBS Group reissued a "neutral" rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Finally, Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating for the company in a research note on Tuesday, September 1st. Eight investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $143.94.

Mid-America Apartment Communities Trading Down 0.2%

MAA traded down $0.31 during midday trading on Tuesday, reaching $128.01. 163,072 shares of the company's stock traded hands, compared to its average volume of 974,543. Mid-America Apartment Communities has a 52 week low of $120.30 and a 52 week high of $145.80. 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 firm has a fifty day moving average of $133.58 and a two-hundred day moving average of $131.20. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 37.42 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its 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 firm had revenue of $555.13 million for 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 business's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous 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. On average, equities analysts anticipate that Mid-America Apartment Communities will post 8.52 earnings per share for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in Mid-America Apartment Communities by 15,857.1% in the second quarter. California State Teachers Retirement System now owns 27,639,334 shares of the real estate investment trust's stock worth $3,840,209,000 after buying an additional 27,466,124 shares during the last quarter. BlackRock Inc. bought a new position in Mid-America Apartment Communities in the 2nd quarter valued at approximately $1,820,661,000. Norges Bank purchased a new stake in Mid-America Apartment Communities during the 4th quarter valued at $750,603,000. Viking Global Investors LP bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $369,597,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth $175,377,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Company Profile

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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