Mid-America Apartment Communities (NYSE:MAA) Rating Increased to Hold at Wall Street Zen

Key Points

• Mid-America Apartment Communities (NYSE:MAA) was upgraded from a "sell" to a "hold" rating by Wall Street Zen in a recent report.
• Despite the upgrade, several research firms have lowered their target prices for MAA, with UBS Group reducing it from $149.00 to $142.00.
• The stock has a market capitalization of $15.54 billion and was recently priced at $132.71, with a consensus target price of $161.78.

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

A number of other research firms have also recently issued reports on MAA. UBS Group cut their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research note on Tuesday, July 15th. Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Piper Sandler cut their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Morgan Stanley cut their target price 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. Finally, Barclays cut their target price on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $161.78.

Mid-America Apartment Communities Stock Up 1.0%

Shares of MAA opened at $132.71 on Friday. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 3.52 and a beta of 0.77. 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 12 month low of $131.17 and a 12 month high of $173.38. The company has a 50-day moving average price of $139.94 and a two-hundred day moving average price of $148.76.

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 EPS 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%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.22 earnings per share. 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 analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several institutional investors have recently modified their holdings of MAA. Elevation Point Wealth Partners LLC bought a new position in Mid-America Apartment Communities during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Mid-America Apartment Communities during the second quarter valued at approximately $26,000. Larson Financial Group LLC grew 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 valued at $29,000 after purchasing an additional 91 shares during the period. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities during the first quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC grew 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 valued at $29,000 after purchasing an additional 175 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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