Mid-America Apartment Communities (NYSE:MAA) Stock Rating Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Mid-America Apartment Communities (NYSE: MAA) from “Hold” to “Sell.” However, the broader analyst consensus remains “Hold,” with eight Buy ratings, twelve Holds and one Sell rating, and an average price target of $137.82.
• Several brokerages recently reduced their price targets, including Wells Fargo to $131 and Piper Sandler to $121, while maintaining generally positive or neutral ratings.
• MAA shares opened at $119.76, near the lower end of their 52-week range of $113.95 to $144.41. The REIT’s latest quarterly results exceeded EPS expectations, while revenue rose 1% year over year to $555.13 million.

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

A number of other brokerages also recently issued reports on MAA. Wells Fargo & Company lowered their price target on Mid-America Apartment Communities from $146.00 to $131.00 and set an "overweight" rating for the company in a report on Monday, October 19th. Citigroup reiterated a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Piper Sandler cut their price target on Mid-America Apartment Communities from $140.00 to $121.00 and set a "neutral" rating for the company in a research note on Monday, October 12th. KeyCorp reiterated an "overweight" rating on shares of Mid-America Apartment Communities in a research report on Tuesday, September 29th. Finally, Weiss Ratings cut 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 research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $137.82.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $119.76 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $13.89 billion, a P/E ratio of 35.02 and a beta of 0.75. The company has a 50 day moving average price of $122.67 and a 200 day moving average price of $128.95. Mid-America Apartment Communities has a fifty-two week low of $113.95 and a fifty-two week high of $144.41.

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

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in MAA. Elevation Wealth Partners LLC increased 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 buying an additional 172 shares during the last quarter. Raiffeisen Bank International AG boosted its holdings in 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 acquiring an additional 119 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new position in Mid-America Apartment Communities in the second quarter valued at $37,000. Root Financial Partners LLC grew its position in Mid-America Apartment Communities by 3,100.0% during the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 279 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Mid-America Apartment Communities during the second quarter valued at about $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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