Wells Fargo & Company Issues Positive Forecast for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Key Points

• Wells Fargo & Company raised its price target for Mid-America Apartment Communities (MAA) from $156.00 to $157.00, suggesting a potential upside of 16.62% based on the company's recent close.
• Despite Wells Fargo's positive outlook, several other analysts, including Barclays and BNP Paribas, have issued lower price targets and varied ratings, indicating a mixed sentiment among analysts.
• Mid-America Apartment Communities recently reported $2.15 EPS for the last quarter, slightly beating analyst expectations and providing guidance for future earnings per share.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) had its price objective increased by Wells Fargo & Company from $156.00 to $157.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective indicates a potential upside of 16.62% from the company's previous close.

A number of other equities analysts have also recently commented on MAA. Barclays reduced their price objective on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 30th. Piper Sandler cut their price objective on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a report on Monday, September 29th. Morgan Stanley lowered their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada dropped their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of "Hold" and an average target price of $161.78.

Mid-America Apartment Communities Trading Down 0.2%

NYSE MAA opened at $134.63 on Monday. Mid-America Apartment Communities has a 12 month low of $133.28 and a 12 month high of $173.38. 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 stock has a 50 day moving average of $140.75 and a 200-day moving average of $149.70. The company has a market cap of $15.76 billion, a PE ratio of 27.70, a PEG ratio of 3.60 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $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, equities research analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

A number of large investors have recently bought and sold shares of MAA. Smartleaf Asset Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 6.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock worth $169,000 after acquiring an additional 65 shares during the last quarter. Stephens Inc. AR boosted its position in Mid-America Apartment Communities by 2.6% in the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after buying an additional 70 shares during the period. Ables Iannone Moore & Associates Inc. grew its stake in Mid-America Apartment Communities by 2.7% in the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust's stock worth $397,000 after acquiring an additional 70 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Mid-America Apartment Communities by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock worth $394,000 after acquiring an additional 80 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Mid-America Apartment Communities by 2.9% in the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock worth $478,000 after buying an additional 81 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

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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