Brokerages Set Mid-America Apartment Communities, Inc. (NYSE:MAA) Price Target at $163.21

Key Points

• Mid-America Apartment Communities has received an average rating of "Hold" from analysts, with one sell rating, ten hold ratings, and eight buy ratings from a total of nineteen research firms.
• The average 12-month target price for the stock is $163.21, with recent adjustments including a cut from Goldman Sachs, lowering their target from "buy" to "neutral" at $165.00.
• The company reported $2.15 EPS for the recent quarter, slightly surpassing expectations, but revenue was up only 0.6% year-over-year, totaling $549.9 million.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) has been assigned a consensus rating of "Hold" from the nineteen brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $163.2105.

Several equities analysts have commented on MAA shares. Scotiabank cut their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 14th. JMP Securities upped their price objective on Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a research report on Thursday, May 22nd. KeyCorp cut their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Evercore ISI cut their price objective on Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Finally, Robert W. Baird upped their price objective on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds have recently made changes to their positions in MAA. Mariner LLC lifted its holdings in shares of Mid-America Apartment Communities by 7.1% in the 4th quarter. Mariner LLC now owns 19,166 shares of the real estate investment trust's stock worth $2,962,000 after buying an additional 1,276 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of Mid-America Apartment Communities in the 4th quarter worth $309,000. NewEdge Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 117.7% in the 4th quarter. NewEdge Advisors LLC now owns 973 shares of the real estate investment trust's stock worth $150,000 after buying an additional 526 shares during the period. Marshall Wace LLP lifted its holdings in shares of Mid-America Apartment Communities by 91.3% in the 4th quarter. Marshall Wace LLP now owns 129,865 shares of the real estate investment trust's stock worth $20,073,000 after buying an additional 61,982 shares during the period. Finally, Commerce Bank lifted its holdings in shares of Mid-America Apartment Communities by 1.1% in the 4th quarter. Commerce Bank now owns 8,998 shares of the real estate investment trust's stock worth $1,391,000 after buying an additional 99 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Down 0.7%

Shares of Mid-America Apartment Communities stock traded down $0.9820 on Monday, reaching $141.3780. The company had a trading volume of 244,550 shares, compared to its average volume of 900,835. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 3.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The firm's 50-day moving average price is $147.12 and its two-hundred day moving average price is $155.24. Mid-America Apartment Communities has a 1 year low of $137.32 and a 1 year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.01. The firm had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.22 EPS. 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. As a group, research analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

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.