Mid-America Apartment Communities (NYSE:MAA) Stock Price Target Cut by Piper Sandler

Key Points

• Piper Sandler cut Mid-America Apartment Communities’ price target from $140 to $121 while maintaining a “neutral” rating, implying roughly 3.9% upside from the stock’s current price.
• MAA shares fell 0.3% to $116.45, near their one-year low of $113.95. Analysts remain mixed, with a consensus “Hold” rating and average price target of $141.12.
• The REIT’s latest quarterly results exceeded earnings expectations, reporting $2.08 in EPS versus a $0.76 estimate, while revenue reached $555.13 million. Institutional investors own approximately 93.6% of the stock.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price objective decreased by Piper Sandler from $140.00 to $121.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Piper Sandler's target price suggests a potential upside of 3.90% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Citigroup restated a "market outperform" rating on shares of Mid-America Apartment Communities in a report on Wednesday, September 2nd. BNP Paribas Exane upgraded shares of Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Saturday, September 26th. KeyCorp reissued an "overweight" rating on shares of Mid-America Apartment Communities in a research report on Tuesday, September 29th. Finally, Mizuho decreased their target price on shares of Mid-America Apartment Communities from $152.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, September 8th. Eight 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $141.12.

Mid-America Apartment Communities Stock Down 0.3%

MAA stock traded down $0.41 during mid-day trading on Monday, hitting $116.45. The stock had a trading volume of 141,418 shares, compared to its average volume of 1,013,799. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. Mid-America Apartment Communities has a 1-year low of $113.95 and a 1-year high of $144.41. The company has a fifty day moving average of $125.88 and a 200 day moving average of $129.36. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 34.05 and a beta of 0.75.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $1.32. The company had revenue of $555.13 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $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. On average, equities analysts expect that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC lifted its position 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 worth $28,000 after purchasing an additional 172 shares during the period. Raiffeisen Bank International AG boosted its stake in Mid-America Apartment Communities by 116.7% during the second 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 in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Mid-America Apartment Communities during the fourth quarter worth $32,000. Transamerica Financial Advisors LLC bought a new stake in Mid-America Apartment Communities in the 2nd quarter valued at $37,000. Finally, Hurley Capital LLC increased its holdings in Mid-America Apartment Communities by 70.4% in the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 112 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

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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