Mid-America Apartment Communities (NYSE:MAA) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Mid-America Apartment Communities to “sell” from “hold,” while the broader analyst consensus remains “hold,” with 8 buy ratings, 11 holds, and 1 sell rating.
• Analysts’ average price target is $142.31, compared with the stock’s recent opening price of $118.43; several firms have recently lowered their targets while maintaining neutral or overweight ratings.
• MAA reported quarterly EPS of $2.08, well above the $0.76 consensus estimate, while revenue of $555.13 million was roughly in line with expectations. Institutional investors own 93.6% of the company’s shares.

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

A number of other analysts have also recently issued reports on MAA. Piper Sandler dropped their price objective on Mid-America Apartment Communities from $143.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating for the company in a report on Tuesday, September 1st. Weiss Ratings upgraded Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 20th. Morgan Stanley lowered their price target on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating on the stock in a report on Wednesday, August 12th. Finally, Barclays cut their price objective on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating for the company in a research report on Monday, August 17th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $142.31.

Mid-America Apartment Communities Stock Up 1.0%

Mid-America Apartment Communities stock opened at $118.43 on Friday. The firm has a 50 day simple moving average of $129.27 and a 200 day simple moving average of $130.03. 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 $116.67 and a 1-year high of $144.41. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 34.63 and a beta of 0.73.

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. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The firm had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same quarter in the prior year, the business posted $2.15 earnings per share. The business's quarterly revenue 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, analysts predict that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its holdings in shares of Mid-America Apartment Communities by 11.8% during the second quarter. QRG Capital Management Inc. now owns 19,034 shares of the real estate investment trust's stock valued at $2,645,000 after acquiring an additional 2,003 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Mid-America Apartment Communities by 8.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,506 shares of the real estate investment trust's stock valued at $487,000 after acquiring an additional 288 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Mid-America Apartment Communities by 89.5% in the second quarter. Sequoia Financial Advisors LLC now owns 4,177 shares of the real estate investment trust's stock valued at $580,000 after acquiring an additional 1,973 shares in the last quarter. National Pension Service increased its position in Mid-America Apartment Communities by 18.2% during the 2nd quarter. National Pension Service now owns 10,318 shares of the real estate investment trust's stock valued at $1,434,000 after purchasing an additional 1,591 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Mid-America Apartment Communities by 93.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,812 shares of the real estate investment trust's stock valued at $1,641,000 after purchasing an additional 5,694 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA's portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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