Mid-America Apartment Communities (NYSE:MAA) Reaches New 1-Year Low After Analyst Downgrade

Mid-America Apartment Communities, Inc. (NYSE:MAA)’s stock price reached a new 52-week low during trading on Friday after Scotiabank lowered their price target on the stock from $134.00 to $125.00. Scotiabank currently has a sector underperform rating on the stock. Mid-America Apartment Communities traded as low as $119.90 and last traded at $120.7650, with a volume of 195936 shares. The stock had previously closed at $121.17.

A number of other brokerages have also recently commented on MAA. JPMorgan Chase & Co. assumed coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They set a “neutral” rating and a $147.00 price target for the company. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Barclays dropped their target price on Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Finally, Truist Financial reduced their price target on shares of Mid-America Apartment Communities from $146.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $142.31.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Mid-America Apartment Communities in the second quarter valued at $1,820,661,000. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth about $750,603,000. Algebris UK Ltd. increased its position in shares of Mid-America Apartment Communities by 27.5% during the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after purchasing an additional 28,528 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Mid-America Apartment Communities by 4.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock valued at $30,083,000 after buying an additional 8,724 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Mid-America Apartment Communities by 29.5% during the fourth quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock worth $34,281,000 after buying an additional 56,224 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.2%

The business’s 50-day simple moving average is $131.15 and its two-hundred day simple moving average is $130.66. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 35.36 and a beta of 0.73. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02.

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

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.