Evercore ISI Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $153.00

Key Points

• Evercore ISI has lowered its price target for Mid-America Apartment Communities (NYSE:MAA) from $154.00 to $153.00, maintaining an "in-line" rating, indicating a potential upside of 13.64% from the current stock price.
• Other analysts have mixed views on the stock, with ten analysts holding, eight giving a Buy rating, and three issuing a Sell rating, leading to a consensus rating of "Hold" with an average price target of $161.72.
• Mid-America reported a quarterly earnings per share (EPS) of $2.15, slightly exceeding analysts' expectations, but its revenue of $549.90 million fell short of estimates, reflecting a year-over-year revenue increase of only 0.6%.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price objective lowered by research analysts at Evercore ISI from $154.00 to $153.00 in a report released on Monday,Benzinga reports. The firm currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's target price would suggest a potential upside of 13.64% from the company's current price.

Other analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Morgan Stanley decreased their price target on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. BNP Paribas cut shares of Mid-America Apartment Communities from a "hold" rating to a "strong sell" rating in a research note on Monday, September 29th. Wall Street Zen lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Finally, Piper Sandler reduced their price target on Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average price target of $161.72.

Mid-America Apartment Communities Stock Down 0.2%

MAA stock opened at $134.63 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The firm's fifty day moving average is $140.75 and its 200 day moving average is $149.70. The firm has a market cap of $15.76 billion, a PE ratio of 27.70, a P/E/G ratio of 3.60 and a beta of 0.77. Mid-America Apartment Communities has a one year low of $133.28 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. Mid-America Apartment Communities's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.22 earnings per share. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. On average, research analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Institutional Trading of Mid-America Apartment Communities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Mid-America Apartment Communities during the second quarter worth approximately $795,893,000. Nuveen LLC acquired a new position in Mid-America Apartment Communities during the first quarter worth $150,966,000. Daiwa Securities Group Inc. lifted its stake in shares of Mid-America Apartment Communities by 461.9% in the second quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust's stock valued at $106,777,000 after buying an additional 593,020 shares in the last quarter. Deutsche Bank AG increased its position in shares of Mid-America Apartment Communities by 38.3% during the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock worth $284,188,000 after acquiring an additional 469,806 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Mid-America Apartment Communities by 30.6% in the 2nd quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust's stock worth $271,659,000 after acquiring an additional 430,398 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.

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