Mid-America Apartment Communities (NYSE:MAA) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI raised the price target for Mid-America Apartment Communities (NYSE:MAA) from $152.00 to $154.00, indicating a potential upside of 8.53% from the company's previous close.
• Currently, 8 analysts have rated the stock as a Buy, while 8 recommend a Hold, and one has issued a Sell rating, leading to a consensus target price of $162.53.
• Shares of Mid-America Apartment Communities fell 0.2% to $141.89 on Monday, with recent trading volumes significantly lower than the average.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price target upped by analysts at Evercore ISI from $152.00 to $154.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price objective suggests a potential upside of 8.53% from the company's previous close.

Several other research firms also recently commented on MAA. Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. KeyCorp cut their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Wall Street Zen downgraded Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Saturday. Scotiabank cut their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research note on Thursday, August 14th. Finally, Truist Financial cut their target price on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $162.53.

Mid-America Apartment Communities Stock Down 0.2%

Shares of NYSE:MAA traded down $0.31 on Monday, hitting $141.89. 26,329 shares of the company's stock were exchanged, compared to its average volume of 883,847. The company has a market capitalization of $16.61 billion, a PE ratio of 29.18, a P/E/G ratio of 3.80 and a beta of 0.78. 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 1-year low of $137.32 and a 1-year high of $173.38. The firm's 50-day moving average is $145.28 and its 200 day moving average is $153.40.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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. 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 return on equity of 9.35% and a net margin of 25.98%.The business's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its position 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 purchasing an additional 2,800 shares in the last quarter. Aurora Investment Counsel acquired a new position in Mid-America Apartment Communities during the 1st quarter worth $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 acquiring an additional 2,274 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Mid-America Apartment Communities by 92.0% in the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock valued at $4,715,000 after buying an additional 13,482 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Mid-America Apartment Communities by 1.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock valued at $60,708,000 after buying an additional 5,650 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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