Barclays Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $146.00

Mid-America Apartment Communities (NYSE:MAA) had its price target trimmed by Barclays from $147.00 to $146.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on MAA. Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company lifted their target price on shares of Mid-America Apartment Communities from $140.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. BNP Paribas Exane upgraded shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Mizuho increased their price target on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, Cantor Fitzgerald raised their price target on shares of Mid-America Apartment Communities from $132.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Eight 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $144.81.

Mid-America Apartment Communities Trading Up 1.0%

MAA opened at $131.47 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The company’s 50 day simple moving average is $135.14 and its two-hundred day simple moving average is $131.55. Mid-America Apartment Communities has a 1-year low of $120.30 and a 1-year high of $146.41. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 38.44 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts expect that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Mid-America Apartment Communities during the second quarter valued at about $1,820,661,000. Norges Bank acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $750,603,000. Viking Global Investors LP acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $369,597,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $175,377,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $169,649,000 after purchasing an additional 1,213,390 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

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.