Mid-America Apartment Communities (NYSE:MAA – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
Several other equities analysts have also recently weighed in on MAA. JPMorgan Chase & Co. initiated coverage on Mid-America Apartment Communities in a report on Thursday, July 16th. They set a “neutral” rating and a $147.00 price target on the stock. Jefferies Financial Group raised Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings raised Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 20th. BNP Paribas Exane upgraded Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Piper Sandler lowered their target price on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.31.
Check Out Our Latest Stock Report on Mid-America Apartment Communities
Mid-America Apartment Communities Stock Performance
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $2.15 earnings per share. 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, equities research analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.
Institutional Trading of Mid-America Apartment Communities
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Mid-America Apartment Communities in the second quarter worth about $1,820,661,000. Norges Bank purchased a new position in Mid-America Apartment Communities in the 4th quarter worth about $750,603,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at about $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Mid-America Apartment Communities by 15,892.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust’s stock valued at $169,649,000 after buying an additional 1,213,390 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at about $155,052,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.
About Mid-America Apartment Communities
Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.
MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.
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