Mid-America Apartment Communities (NYSE:MAA) Downgraded by BNP Paribas to Strong Sell

Key Points

• Mid-America Apartment Communities (NYSE: MAA) has been downgraded from a "hold" rating to a "strong sell" rating by BNP Paribas.
• Despite several ratings changes from analysts, the consensus rating remains a "Hold" with an average price target of $162.53.
• The company recently reported earnings of $2.15 per share for the quarter, surpassing analysts' expectations, while its revenue was slightly below estimates at $549.90 million.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) was downgraded by research analysts at BNP Paribas from a "hold" rating to a "strong sell" rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Evercore ISI lifted their price target on shares of Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Friday. BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a research note on Monday. Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Finally, Piper Sandler cut their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus price target of $162.53.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $138.51 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. Mid-America Apartment Communities has a twelve month low of $137.32 and a twelve month high of $173.38. The firm's 50 day moving average price is $143.03 and its two-hundred day moving average price is $151.37. The firm has a market cap of $16.22 billion, a P/E ratio of 28.50, a PEG ratio of 3.73 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share 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 firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the previous year, the firm posted $2.22 earnings per share. The business's revenue was up .6% on a year-over-year basis. 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, analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in Mid-America Apartment Communities during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Mid-America Apartment Communities during the second quarter worth $26,000. Larson Financial Group LLC increased its holdings in Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after buying an additional 91 shares during the last quarter. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities during the first quarter worth $29,000. Finally, Sound Income Strategies LLC increased its holdings in Mid-America Apartment Communities by 972.2% during the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust's stock worth $29,000 after buying an additional 175 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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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