Mid-America Apartment Communities (NYSE:MAA) Upgraded at Wall Street Zen

Key Points

• Mid-America Apartment Communities was upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen, indicating a more positive outlook for the stock.
• Several analysts, including Scotiabank and Wells Fargo, have lowered their price targets for the stock, with average estimates now around $162.53.
• The company reported quarterly earnings of $2.15 EPS, slightly above estimates, along with a revenue increase of 0.6% year-over-year.

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

Other analysts have also issued reports about the stock. Scotiabank dropped their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 14th. KeyCorp dropped their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Wells Fargo & Company decreased their target price on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Barclays decreased their target price on Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a report on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and an average target price of $162.53.

Mid-America Apartment Communities Stock Up 0.6%

Shares of NYSE:MAA traded up $0.78 during midday trading on Friday, hitting $139.52. The stock had a trading volume of 801,092 shares, compared to its average volume of 689,768. The company has a market cap of $16.33 billion, a P/E ratio of 28.71, a PEG ratio of 3.71 and a beta of 0.78. Mid-America Apartment Communities has a 12 month low of $137.32 and a 12 month high of $173.38. The business's 50-day simple moving average is $143.26 and its 200-day simple moving average is $151.68. 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 (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same period in the prior year, the firm posted $2.22 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. 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, sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAA. Norges Bank acquired a new position in Mid-America Apartment Communities in the 2nd quarter valued at $795,893,000. Nuveen LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at $150,966,000. Daiwa Securities Group Inc. grew its holdings in Mid-America Apartment Communities by 461.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust's stock valued at $106,777,000 after buying an additional 593,020 shares in the last quarter. GAMMA Investing LLC grew its holdings in Mid-America Apartment Communities by 22,463.1% in the 1st quarter. GAMMA Investing LLC now owns 581,000 shares of the real estate investment trust's stock valued at $97,364,000 after buying an additional 578,425 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Mid-America Apartment Communities by 38.3% in the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock valued at $284,188,000 after buying an additional 469,806 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

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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