Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $146.00 at Scotiabank

Mid-America Apartment Communities (NYSE:MAA) had its price objective lowered by equities researchers at Scotiabank from $162.00 to $146.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 14.12% from the company’s current price.

Other research analysts have also issued reports about the company. Royal Bank Of Canada dropped their target price on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. BNP Paribas Exane downgraded Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Morgan Stanley decreased their price target on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $158.44.

Mid-America Apartment Communities Stock Up 0.3%

MAA stock traded up $0.35 during mid-day trading on Tuesday, hitting $127.94. The stock had a trading volume of 315,206 shares, compared to its average volume of 894,276. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities has a 1-year low of $125.75 and a 1-year high of $173.38. The company has a fifty day moving average of $137.86 and a 200 day moving average of $146.69. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.38 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The firm had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same period in the previous year, the company earned $2.21 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. On average, equities analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Activity at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. acquired 578 shares of Mid-America Apartment Communities stock in a transaction on Friday, October 31st. The stock was bought at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. The trade was a 0.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

Hedge funds have recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $25,000. Financial Network Wealth Advisors LLC bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $26,000. Larson Financial Group LLC lifted its position in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 91 shares during the period. Finally, Sound Income Strategies LLC lifted its position in shares of Mid-America Apartment Communities by 972.2% during the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 175 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.