Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $156.00 at Barclays

Key Points

• Barclays lowered the price target for Mid-America Apartment Communities from $172.00 to $156.00, while maintaining an "equal weight" rating on the stock, indicating a potential upside of 12.42% from the current price.
• Other analysts are divided on the stock, with one upgrading it to "hold," while Truist Financial and Robert W. Baird adjusted their price targets and ratings slightly downwards.
• Mid-America Apartment Communities reported earnings of $2.15 per share, slightly beating forecasts, but revenue growth of 0.6% year-over-year was below expectations.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price target decreased by Barclays from $172.00 to $156.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price objective suggests a potential upside of 12.42% from the company's current price.

A number of other analysts have also commented on MAA. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Sunday. Truist Financial cut their price target on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Robert W. Baird upped their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Raymond James Financial downgraded Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Finally, Piper Sandler dropped their price objective on 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $166.00.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $138.77 on Tuesday. The stock has a 50-day moving average of $148.59 and a 200-day moving average of $155.83. Mid-America Apartment Communities has a one year low of $138.34 and a one year high of $173.38. The stock has a market cap of $16.25 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

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 (EPS) for the quarter, beating 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 analysts' expectations of $552.19 million. During the same period in the previous year, the firm earned $2.22 earnings per share. The company's revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Network Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities in the first quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $26,000. Larson Financial Group LLC increased its stake in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 91 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Mid-America Apartment Communities by 972.2% during the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 175 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Mid-America Apartment Communities during the 1st quarter valued at $34,000. 93.60% of the stock is 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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