Mid-America Apartment Communities (NYSE:MAA) Stock Rating Lowered by BNP Paribas Exane

Key Points

• BNP Paribas Exane has downgraded Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating, reflecting a bearish outlook from analysts.
• Despite the downgrade, other firms have issued mixed ratings, with eight analysts rating it as a Buy and others providing Hold and Sell ratings, resulting in an average rating of "Hold" with a target price of $162.53.
• The company's latest earnings report showed a slight revenue increase but a decline in earnings per share compared to the previous year, reporting $2.15 EPS against a consensus estimate of $2.14.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) was downgraded by equities research analysts at BNP Paribas Exane from a "neutral" rating to an "underperform" rating in a note issued to investors on Monday, MarketBeat.com reports.

Other research analysts have also recently issued reports about the stock. Mizuho raised 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. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Friday. Evercore ISI lifted their target price on shares of Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Finally, Piper Sandler reduced their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Hold" and an average price target of $162.53.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded down $1.02 during mid-day trading on Monday, reaching $138.55. The stock had a trading volume of 48,848 shares, compared to its average volume of 877,539. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 28.52, a PEG 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 business has a 50 day simple moving average of $143.26 and a 200 day simple moving average of $151.55.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 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 the consensus estimate of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

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