Mid-America Apartment Communities (NYSE:MAA) Stock Price Target Cut by The Goldman Sachs Group

Key Points

• Goldman Sachs lowered its price target for Mid-America Apartment Communities from $142 to $125 while maintaining a “neutral” rating, implying approximately 6.4% upside from the $117.48 share price.
• Analyst sentiment remains mixed but leans toward caution: MAA has an average “Hold” rating and a consensus price target of $137.82, based on eight Buy, twelve Hold, and one Sell rating.
• MAA reported quarterly EPS of $2.08, beating the $0.76 consensus estimate, while revenue of $555.13 million was slightly below expectations and rose 1% year over year. Institutional investors own approximately 93.6% of the company’s stock.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price objective cut by equities research analysts at The Goldman Sachs Group from $142.00 to $125.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's target price indicates a potential upside of 6.40% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Truist Financial cut their price target on shares of Mid-America Apartment Communities from $146.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, September 17th. BNP Paribas Exane upgraded shares of Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Piper Sandler dropped their price objective on shares of Mid-America Apartment Communities from $140.00 to $121.00 and set a "neutral" rating for the company in a report on Monday, October 12th. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Scotiabank cut their target price on shares of Mid-America Apartment Communities from $134.00 to $125.00 and set a "sector underperform" rating for the company in a research report on Thursday, September 17th. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $137.82.

Mid-America Apartment Communities Price Performance

Shares of MAA traded up $0.12 during midday trading on Wednesday, hitting $117.48. 198,519 shares of the company traded hands, compared to its average volume of 1,008,210. Mid-America Apartment Communities has a one year low of $113.95 and a one year high of $144.41. The firm has a market cap of $13.63 billion, a P/E ratio of 34.38 and a beta of 0.75. 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 stock has a 50-day moving average of $123.49 and a 200-day moving average of $129.09.

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, topping the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million for 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 business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company 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 predict that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently made changes to their positions in MAA. Elevation Wealth Partners LLC raised its holdings in shares of Mid-America Apartment Communities by 593.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 172 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in shares of Mid-America Apartment Communities by 116.7% in the second quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 119 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Mid-America Apartment Communities by 3,100.0% in the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 279 shares in the last quarter. Transamerica Financial Advisors LLC bought a new stake in Mid-America Apartment Communities in the second quarter worth $37,000. Finally, Ameritas Advisory Services LLC bought a new stake in Mid-America Apartment Communities in the second quarter worth $40,000. 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 real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.

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