Mid-America Apartment Communities (NYSE:MAA) Stock Price Target Lowered at UBS Group

Key Points

• UBS Group lowered Mid-America Apartment Communities’ price target from $129 to $123 while maintaining a neutral rating, implying 6.62% potential upside.
• Analyst sentiment remains mixed but leans toward hold: eight analysts rate the stock Buy, eleven Hold and one Sell, with an average price target of $139.56.
• MAA shares fell to $115.36, near their 12-month low of $113.95. The REIT reported quarterly EPS of $2.08, well above the $0.76 consensus estimate, while revenue rose 1% year over year to $555.13 million.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its target price decreased by analysts at UBS Group from $129.00 to $123.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price target indicates a potential upside of 6.62% from the company's current price.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. initiated coverage on Mid-America Apartment Communities in a research note on Thursday, July 16th. They issued a "neutral" rating and a $147.00 price target for the company. Barclays dropped their target price on shares of Mid-America Apartment Communities from $146.00 to $136.00 and set an "equal weight" rating on the stock in a research report on Wednesday. BNP Paribas Exane raised shares of Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Wells Fargo & Company reduced their price target on shares of Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating for the company in a research report on Tuesday, September 1st. Finally, Weiss Ratings lowered shares of Mid-America Apartment Communities from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Eight 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $139.56.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded down $1.09 on Wednesday, reaching $115.36. 130,544 shares of the stock were exchanged, compared to its average volume of 1,010,538. The business has a 50 day moving average price of $125.20 and a two-hundred day moving average price of $129.28. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 33.77 and a beta of 0.75. Mid-America Apartment Communities has a twelve month low of $113.95 and a twelve month high of $144.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02.

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 (EPS) 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 analyst estimates of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. Mid-America Apartment Communities's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm 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. Analysts anticipate that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently added to or reduced their stakes in the stock. Values First Advisors Inc. lifted its holdings in shares of Mid-America Apartment Communities by 0.5% in the first quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust's stock worth $1,889,000 after buying an additional 82 shares in the last quarter. World Investment Advisors grew its stake in Mid-America Apartment Communities by 5.3% during the first quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 110 shares in the last quarter. Raiffeisen Bank International AG grew 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 valued at $31,000 after acquiring an additional 119 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Mid-America Apartment Communities by 7.3% in the 1st quarter. Apollon Wealth Management LLC now owns 2,026 shares of the real estate investment trust's stock valued at $247,000 after acquiring an additional 138 shares during the last quarter. Finally, IRON Financial LLC increased its holdings in Mid-America Apartment Communities by 9.2% in the 1st quarter. IRON Financial LLC now owns 1,691 shares of the real estate investment trust's stock valued at $206,000 after acquiring an additional 143 shares during the last quarter. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.