Mid-America Apartment Communities (NYSE:MAA) Given New $136.00 Price Target at Barclays

Mid-America Apartment Communities (NYSE:MAA) had its target price decreased by stock analysts at Barclays from $146.00 to $136.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 17.32% from the company’s current price.

Other equities research analysts have also issued reports about the company. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Morgan Stanley decreased their target price 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. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, September 2nd. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $139.94.

Mid-America Apartment Communities Trading Down 0.5%

Shares of NYSE:MAA opened at $115.92 on Wednesday. Mid-America Apartment Communities has a twelve month low of $113.95 and a twelve month high of $144.41. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The firm has a market cap of $13.45 billion, a P/E ratio of 33.86 and a beta of 0.75. The company has a 50 day moving average of $125.20 and a 200-day moving average of $129.28.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. The business had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. 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, analysts anticipate that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi boosted its position in Mid-America Apartment Communities by 31.0% during the second quarter. Amundi now owns 677,443 shares of the real estate investment trust’s stock valued at $94,124,000 after purchasing an additional 160,210 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Mid-America Apartment Communities by 19.9% during the 2nd quarter. Hsbc Holdings PLC now owns 527,345 shares of the real estate investment trust’s stock worth $73,371,000 after purchasing an additional 87,523 shares during the last quarter. BlackRock Inc. acquired a new stake in Mid-America Apartment Communities in the 2nd quarter valued at about $1,820,661,000. Squarepoint Ops LLC grew its holdings in Mid-America Apartment Communities by 73.2% during the second quarter. Squarepoint Ops LLC now owns 84,017 shares of the real estate investment trust’s stock worth $11,673,000 after purchasing an additional 35,522 shares during the period. Finally, Bank of Nova Scotia increased its position in Mid-America Apartment Communities by 106.3% during the first quarter. Bank of Nova Scotia now owns 39,185 shares of the real estate investment trust’s stock worth $4,785,000 after buying an additional 20,189 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.