Mid-America Apartment Communities (NYSE:MAA) Reaches New 52-Week Low on Analyst Downgrade

Key Points

• Mid-America Apartment Communities shares hit a new 52-week low, falling to $119.90 after Scotiabank cut its price target from $134 to $125 and maintained an underperform rating.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $142.31; eight analysts rate the stock a Buy, 11 a Hold, and one a Sell.
• Institutional ownership is high at 93.6%, while the REIT’s latest quarter beat EPS expectations but slightly missed revenue estimates. Management guided for fiscal 2026 EPS of $8.41 to $8.65.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday after Scotiabank lowered their price target on the stock from $134.00 to $125.00. Scotiabank currently has a sector underperform rating on the stock. Mid-America Apartment Communities traded as low as $119.90 and last traded at $120.7650, with a volume of 195936 shares. The stock had previously closed at $121.17.

MAA has been the topic of a number of other research reports. Morgan Stanley dropped their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Cantor Fitzgerald restated a "neutral" rating on shares of Mid-America Apartment Communities in a report on Thursday, August 27th. Weiss Ratings raised shares of Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 20th. Finally, Citigroup reiterated a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $142.31.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 89.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,177 shares of the real estate investment trust's stock valued at $580,000 after purchasing an additional 1,973 shares during the last quarter. National Pension Service increased its position in Mid-America Apartment Communities by 18.2% during the 2nd quarter. National Pension Service now owns 10,318 shares of the real estate investment trust's stock valued at $1,434,000 after buying an additional 1,591 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in Mid-America Apartment Communities by 93.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,812 shares of the real estate investment trust's stock valued at $1,641,000 after buying an additional 5,694 shares in the last quarter. NewEdge Advisors LLC raised its stake in Mid-America Apartment Communities by 40.0% in the second quarter. NewEdge Advisors LLC now owns 12,817 shares of the real estate investment trust's stock valued at $1,781,000 after buying an additional 3,665 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Mid-America Apartment Communities by 73.2% in the second quarter. Squarepoint Ops LLC now owns 84,017 shares of the real estate investment trust's stock valued at $11,673,000 after buying an additional 35,522 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 35.36 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a fifty day simple moving average of $131.15 and a two-hundred day simple moving average of $130.66.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.32. The firm had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.15 earnings per share. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current year.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA's portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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