Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $146.00 at Truist Financial

Mid-America Apartment Communities (NYSE:MAA) had its price objective dropped by stock analysts at Truist Financial from $158.00 to $146.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 12.85% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Piper Sandler cut their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. BNP Paribas cut Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Royal Bank Of Canada decreased their price objective on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and cut their target price for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus price target of $156.50.

Mid-America Apartment Communities Price Performance

NYSE:MAA traded down $0.27 during trading hours on Monday, hitting $129.38. 422,608 shares of the stock traded hands, compared to its average volume of 902,703. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities has a 1 year low of $125.75 and a 1 year high of $173.38. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. The stock has a 50 day moving average price of $136.60 and a 200 day moving average price of $145.87.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The firm had revenue of $554.37 million during the quarter, compared to analysts’ expectations of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $2.21 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. Sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the acquisition, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds have recently added to or reduced their stakes in MAA. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $795,893,000. Nuveen LLC purchased a new stake in Mid-America Apartment Communities during the first quarter worth $150,966,000. Daiwa Securities Group Inc. boosted its position in Mid-America Apartment Communities by 461.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock valued at $106,777,000 after acquiring an additional 593,020 shares in the last quarter. Deutsche Bank AG boosted its position in Mid-America Apartment Communities by 38.3% during the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock valued at $284,188,000 after acquiring an additional 469,806 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Mid-America Apartment Communities by 30.6% in the 2nd quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock valued at $271,659,000 after acquiring an additional 430,398 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.