Mid-America Apartment Communities (NYSE:MAA) Given New $155.00 Price Target at Barclays

Key Points

• Barclays has lowered the price target for Mid-America Apartment Communities (NYSE:MAA) from $156.00 to $155.00, maintaining an "equal weight" rating which suggests a potential upside of 12.08% from the current stock price.
• Other firms, including Wells Fargo and BNP Paribas, have also revised their price targets for MAA, with ratings ranging from "overweight" to "underperform," highlighting mixed analyst sentiments about the stock.
• The company's stock opened at $138.30, reflecting a 0.9% decline, while Mid-America's recent earnings report showed a slight revenue increase with EPS of $2.15, slightly above analysts' expectations.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price target cut by equities researchers at Barclays from $156.00 to $155.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's target price suggests a potential upside of 12.08% from the stock's current price.

Several other research firms have also recently commented on MAA. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a research note on Monday. Piper Sandler decreased their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. The Goldman Sachs Group cut Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective on the stock. in a research note on Friday, July 11th. Finally, Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus target price of $162.47.

Mid-America Apartment Communities Stock Down 0.9%

NYSE:MAA opened at $138.30 on Tuesday. The company's 50 day moving average is $143.03 and its two-hundred day moving average is $151.37. The company has a market cap of $16.19 billion, a PE ratio of 28.46, a P/E/G ratio of 3.73 and a beta of 0.78. Mid-America Apartment Communities has a twelve month low of $137.32 and a twelve month high of $173.38. 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 (NYSE:MAA - Get Free Report) last released 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. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same quarter in the previous year, the company posted $2.22 earnings per share. The company's 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. Analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Mid-America Apartment Communities by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock worth $32,214,000 after acquiring an additional 2,800 shares during the last quarter. Aurora Investment Counsel bought a new position in Mid-America Apartment Communities in the first quarter valued at $1,929,000. Summit Trail Advisors LLC lifted its position in Mid-America Apartment Communities by 106.9% during the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock worth $738,000 after buying an additional 2,274 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Mid-America Apartment Communities by 92.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock worth $4,715,000 after purchasing an additional 13,482 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Mid-America Apartment Communities by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock worth $60,708,000 after acquiring an additional 5,650 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

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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