Mid-America Apartment Communities (NYSE:MAA) Stock Gets Downgrade from Wall Street Zen

by · The Markets Daily

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.

A number of other research analysts have also recently commented on MAA. Barclays decreased their target price on shares of Mid-America Apartment Communities from $146.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 14th. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, September 2nd. Weiss Ratings cut shares of Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. The Goldman Sachs Group reduced their price target on shares of Mid-America Apartment Communities from $142.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 21st. Finally, Scotiabank decreased their price objective on shares of Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating on the stock in a report on Thursday, September 17th. Eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $137.82.

View Our Latest Report on MAA

Mid-America Apartment Communities Price Performance

MAA stock opened at $119.53 on Friday. Mid-America Apartment Communities has a 52-week low of $113.95 and a 52-week high of $144.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 34.95 and a beta of 0.75. The business has a fifty day moving average of $122.49 and a two-hundred day moving average of $129.54.

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $0.76 by $1.32. The business 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%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior 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. As a group, research analysts anticipate that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors have recently bought and sold shares of the company. Abundance Wealth Counselors boosted its stake in shares of Mid-America Apartment Communities by 5.3% in the third quarter. Abundance Wealth Counselors now owns 8,742 shares of the real estate investment trust’s stock valued at $1,029,000 after purchasing an additional 438 shares during the period. Leeward Investments LLC MA lifted its holdings in Mid-America Apartment Communities by 6.9% during the 3rd quarter. Leeward Investments LLC MA now owns 65,484 shares of the real estate investment trust’s stock worth $7,710,000 after buying an additional 4,248 shares in the last quarter. Invested Advisors lifted its holdings in Mid-America Apartment Communities by 18.6% during the 3rd quarter. Invested Advisors now owns 1,985 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 311 shares in the last quarter. Signaturefd LLC boosted its position in Mid-America Apartment Communities by 23.0% in the 3rd quarter. Signaturefd LLC now owns 4,675 shares of the real estate investment trust’s stock valued at $550,000 after buying an additional 875 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Mid-America Apartment Communities by 2.8% in the 3rd quarter. Yousif Capital Management LLC now owns 22,948 shares of the real estate investment trust’s stock valued at $2,702,000 after buying an additional 622 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

(Get Free Report)

Mid-America Apartment Communities, Inc (NYSE: MAA) is a real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.

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