Weiss Ratings Reiterates "Hold (C)" Rating for Mid-America Apartment Communities (NYSE:MAA)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C)" rating for Mid-America Apartment Communities (NYSE: MAA) as of a recent report.
• Mid-America Apartment Communities' stock has a consensus target price of $161.78 and has been rated as a Hold by ten analysts, with eight giving a Buy rating.
• The company's latest earnings report shows a 2.15 EPS, beating estimates and reflecting a slight revenue increase of 0.6% year-over-year.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on MAA. Evercore ISI boosted their price target on Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Scotiabank dropped their price target 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. Morgan Stanley decreased their price objective on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Raymond James Financial downgraded Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Finally, Wells Fargo & Company decreased their price target on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued 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 $161.78.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $135.87 on Wednesday. Mid-America Apartment Communities has a 12 month low of $134.97 and a 12 month high of $173.38. The stock's 50 day moving average is $141.00 and its 200-day moving average is $150.30. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.64 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same quarter in the prior year, the business earned $2.22 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. 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 research analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several hedge funds have recently modified their holdings of MAA. Vanguard Group Inc. increased its stake in shares of Mid-America Apartment Communities by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust's stock worth $2,744,110,000 after purchasing an additional 101,397 shares during the last quarter. State Street Corp grew its stake in Mid-America Apartment Communities by 2.0% in the 2nd quarter. State Street Corp now owns 7,994,245 shares of the real estate investment trust's stock valued at $1,183,228,000 after buying an additional 159,278 shares in the last quarter. Norges Bank purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at $795,893,000. Geode Capital Management LLC grew its position in shares of Mid-America Apartment Communities by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust's stock valued at $488,867,000 after purchasing an additional 54,063 shares in the last quarter. Finally, APG Asset Management US Inc. grew its position in shares of Mid-America Apartment Communities by 9.7% during the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock valued at $514,081,000 after purchasing an additional 271,507 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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