Barclays Has Lowered Expectations for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its price objective dropped by analysts at Barclays from $146.00 to $136.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 17.32% from the stock’s current price.

Other research analysts have also issued reports about the stock. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, September 2nd. Royal Bank Of Canada lowered their price target on Mid-America Apartment Communities from $138.00 to $127.00 and set a “sector perform” rating for the company in a report on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Weiss Ratings cut shares of Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, BNP Paribas Exane upgraded Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Eight 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, the company has an average rating of “Hold” and an average price target of $139.94.

Mid-America Apartment Communities Stock Down 0.5%

Shares of Mid-America Apartment Communities stock opened at $115.92 on Wednesday. The company has a fifty day moving average price of $125.20 and a 200 day moving average price of $129.28. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. Mid-America Apartment Communities has a twelve month low of $113.95 and a twelve month high of $144.41. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 33.86 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $0.76 by $1.32. The firm had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. Mid-America Apartment Communities’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 EPS. 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. Equities research analysts forecast that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MAA. Values First Advisors Inc. boosted its stake in Mid-America Apartment Communities by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust’s stock valued at $1,889,000 after acquiring an additional 82 shares during the last quarter. World Investment Advisors lifted its holdings in Mid-America Apartment Communities by 5.3% during the 1st quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 110 shares during the last quarter. Raiffeisen Bank International AG increased its holdings in shares of Mid-America Apartment Communities by 116.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 119 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Mid-America Apartment Communities by 7.3% during the first quarter. Apollon Wealth Management LLC now owns 2,026 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 138 shares during the last quarter. Finally, IRON Financial LLC boosted its holdings in shares of Mid-America Apartment Communities by 9.2% in the 1st quarter. IRON Financial LLC now owns 1,691 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 143 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.