Mid-America Apartment Communities (NYSE:MAA) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Mid-America Apartment Communities (NYSE: MAA) from “Sell” to “Hold.” The broader analyst consensus is also “Hold,” with 11 Hold, 8 Buy, and 1 Sell rating and an average price target of $139.56.
• MAA shares opened at $116.50, near the lower end of their 52-week range of $113.95 to $144.41. The stock has a $13.52 billion market capitalization and trades at a P/E ratio of 34.07.
• The apartment REIT reported quarterly EPS of $2.08, well above the $0.76 consensus estimate, while revenue reached $555.13 million. Institutional investors own approximately 93.6% of the company’s stock.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. began 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. Weiss Ratings lowered Mid-America Apartment Communities from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Mid-America Apartment Communities in a report on Thursday, August 27th. Scotiabank cut their target price on Mid-America Apartment Communities from $134.00 to $125.00 and set a "sector underperform" rating on the stock in a research report on Thursday, September 17th. Finally, Citigroup reiterated a "market outperform" rating on shares of Mid-America Apartment Communities in a research report on Wednesday, September 2nd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $139.56.

Mid-America Apartment Communities Stock Up 0.2%

Shares of NYSE:MAA opened at $116.50 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $124.11 and a two-hundred day moving average of $129.12. The stock has a market cap of $13.52 billion, a P/E ratio of 34.07 and a beta of 0.75. Mid-America Apartment Communities has a 52-week low of $113.95 and a 52-week high of $144.41.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MAA. Franchise GP Ltd purchased a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $71,000. V Square Quantitative Management LLC increased its holdings in Mid-America Apartment Communities by 30.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,027 shares of the real estate investment trust's stock valued at $356,000 after acquiring an additional 714 shares in the last quarter. TT Capital Management LLC increased its holdings in Mid-America Apartment Communities by 31.1% during the 3rd quarter. TT Capital Management LLC now owns 28,390 shares of the real estate investment trust's stock valued at $3,343,000 after acquiring an additional 6,735 shares in the last quarter. Columbus Macro LLC raised its position in Mid-America Apartment Communities by 5.7% during the third quarter. Columbus Macro LLC now owns 78,899 shares of the real estate investment trust's stock worth $9,290,000 after acquiring an additional 4,290 shares during the last quarter. Finally, Baker Ellis Asset Management LLC raised its position in Mid-America Apartment Communities by 0.4% during the third quarter. Baker Ellis Asset Management LLC now owns 53,443 shares of the real estate investment trust's stock worth $6,292,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA's portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.

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