Mid-America Apartment Communities (NYSE:MAA – Get Free Report) had its price objective cut by equities researchers at Wells Fargo & Company from $148.00 to $146.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 12.78% from the company’s current price.
MAA has been the subject of several other research reports. Scotiabank dropped their price objective on shares of Mid-America Apartment Communities from $137.00 to $134.00 and set a “sector underperform” rating for the company in a report on Tuesday, August 4th. Truist Financial increased their price target on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Morgan Stanley cut their price objective on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. JPMorgan Chase & Co. started coverage on Mid-America Apartment Communities in a report on Thursday, July 16th. They set a “neutral” rating and a $147.00 target price on the stock. Finally, Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $144.69.
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Mid-America Apartment Communities Price Performance
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last issued its 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. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same quarter in the previous year, the company earned $2.15 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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, sell-side analysts expect that Mid-America Apartment Communities will post 8.52 earnings per share for the current year.
Hedge Funds Weigh In On Mid-America Apartment Communities
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAA. California State Teachers Retirement System grew its stake in shares of Mid-America Apartment Communities by 15,857.1% during the 2nd quarter. California State Teachers Retirement System now owns 27,639,334 shares of the real estate investment trust’s stock worth $3,840,209,000 after acquiring an additional 27,466,124 shares in the last quarter. BlackRock Inc. bought a new position in Mid-America Apartment Communities in the second quarter valued at approximately $1,820,661,000. State Street Corp increased its position in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock worth $1,134,520,000 after purchasing an additional 125,130 shares during the last quarter. Norges Bank acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $750,603,000. Finally, Viking Global Investors LP raised its stake in shares of Mid-America Apartment Communities by 46.7% during the 4th quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust’s stock worth $538,977,000 after purchasing an additional 1,234,966 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.
MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.
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