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

Key Points

• Mid-America Apartment Communities (NYSE:MAA) has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, amid a series of negative adjustments from other analysts.
• The stock's price target has been adjusted downwards by several institutions, with Barclays dropping it to $155.00 and Scotiabank to $170.00, signaling growing caution among analysts.
• Mid-America Apartment Communities reported earnings of $2.15 per share for the last quarter, slightly exceeding analysts' expectations, although its revenue fell short of projections at $549.90 million.

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

MAA has been the topic of a number of other research reports. Barclays lowered their target price on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating on the stock in a report on Tuesday. Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Royal Bank Of Canada lowered their target price on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Cantor Fitzgerald initiated coverage on shares of Mid-America Apartment Communities in a report on Wednesday. They issued a "neutral" rating and a $150.00 price target on the stock. Finally, Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $161.78.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $136.79 on Friday. The business's 50 day simple moving average is $141.85 and its 200 day simple moving average is $150.83. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities has a 12 month low of $136.07 and a 12 month high of $173.38. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 3.64 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results 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. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business had revenue of $549.90 million for the quarter, compared to analysts' expectations of $552.19 million. During the same quarter in the previous year, the firm posted $2.22 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. 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. Sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors have recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC purchased a new stake in Mid-America Apartment Communities during the third quarter valued at about $822,000. Farmers Trust Co. boosted its position in Mid-America Apartment Communities by 1.0% during the third quarter. Farmers Trust Co. now owns 26,757 shares of the real estate investment trust's stock valued at $3,739,000 after buying an additional 258 shares during the period. Corient Private Wealth LLC boosted its position in Mid-America Apartment Communities by 142.5% during the second quarter. Corient Private Wealth LLC now owns 24,974 shares of the real estate investment trust's stock valued at $3,696,000 after buying an additional 14,674 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $219,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Mid-America Apartment Communities by 72.5% during the second quarter. Osaic Holdings Inc. now owns 10,494 shares of the real estate investment trust's stock worth $1,575,000 after purchasing an additional 4,410 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

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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