Mid-America Apartment Communities (NYSE:MAA) Downgraded by Wall Street Zen to Sell

Key Points

• Mid-America Apartment Communities (MAA) was downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook from the research analysts.
• Despite the downgrade, several analysts have varying opinions on MAA, with JMP Securities raising their target price to $170.00 and eight analysts giving it a "buy" rating overall.
• MAA's stock is currently valued at $142.13, showing a decline of 1.4% recently, with a market capitalization of $16.64 billion and expectations for future earnings per share to be in the range of 8.650-8.890 for FY 2025.

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

Several other equities research analysts have also weighed in on MAA. JMP Securities upped their target price on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Thursday, May 22nd. Truist Financial decreased their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective on the stock. in a report on Friday, July 11th. Piper Sandler decreased their price objective on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, Morgan Stanley decreased their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $162.41.

Mid-America Apartment Communities Stock Down 1.4%

MAA opened at $142.13 on Friday. The firm's 50-day simple moving average is $145.28 and its 200-day simple moving average is $153.56. 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 has a market cap of $16.64 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.85 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $552.19 million. During the same quarter in the prior year, the firm earned $2.22 EPS. The firm's quarterly revenue 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. Equities research analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds have recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $219,000. Osaic Holdings Inc. raised its position in shares of Mid-America Apartment Communities by 72.5% in the 2nd quarter. Osaic Holdings Inc. now owns 10,494 shares of the real estate investment trust's stock valued at $1,575,000 after acquiring an additional 4,410 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of Mid-America Apartment Communities by 34.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 35,018 shares of the real estate investment trust's stock valued at $5,183,000 after acquiring an additional 8,932 shares during the period. Squarepoint Ops LLC raised its position in shares of Mid-America Apartment Communities by 492.1% in the 2nd quarter. Squarepoint Ops LLC now owns 63,766 shares of the real estate investment trust's stock valued at $9,438,000 after acquiring an additional 52,996 shares during the period. Finally, Stance Capital LLC raised its position in shares of Mid-America Apartment Communities by 46.5% in the 2nd quarter. Stance Capital LLC now owns 11,600 shares of the real estate investment trust's stock valued at $1,717,000 after acquiring an additional 3,683 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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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