Mid-America Apartment Communities (NYSE:MAA) Now Covered by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has initiated coverage on Mid-America Apartment Communities (NYSE:MAA), giving it a "neutral" rating with a price target of $150.00, indicating a potential upside of 8.08%.
• Recent ratings from other brokerages show varied outlooks: Morgan Stanley set a target of $169.00 while BNP Paribas downgraded to a "strong sell".
• The company's stock price recently traded at $138.79 and has experienced a 1-year low of $137.32 and a high of $173.38.

Analysts at Cantor Fitzgerald initiated coverage on shares of Mid-America Apartment Communities (NYSE:MAA - Get Free Report) in a note issued to investors on Wednesday. The firm set a "neutral" rating and a $150.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 8.08% from the stock's current price.

A number of other brokerages have also recently weighed in on MAA. Morgan Stanley decreased their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. BNP Paribas downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "strong sell" rating in a research report on Monday. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a report on Monday. Scotiabank dropped their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a report on Thursday, August 14th. Finally, Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and dropped their target price for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $161.78.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded down $0.94 during trading hours on Wednesday, reaching $138.79. 27,273 shares of the company's stock were exchanged, compared to its average volume of 879,931. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 3.71 and a beta of 0.78. The company has a 50-day moving average of $142.75 and a 200 day moving average of $151.29. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. 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 issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share 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 net margin of 25.98% and a return on equity of 9.35%. Mid-America Apartment Communities's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts anticipate 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 MAA. Elevation Point Wealth Partners LLC bought a new stake in Mid-America Apartment Communities during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mid-America Apartment Communities during the second quarter valued at $26,000. Larson Financial Group LLC lifted its holdings in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 91 shares during the period. Financial Network Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities in the first quarter worth about $29,000. Finally, Sound Income Strategies LLC lifted its holdings in Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 175 shares during the period. Institutional investors own 93.60% of the company's stock.

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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