Piper Sandler Lowers Mid-America Apartment Communities (NYSE:MAA) Price Target to $140.00

Mid-America Apartment Communities (NYSE:MAA) had its target price lowered by equities researchers at Piper Sandler from $153.00 to $140.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price target suggests a potential upside of 9.04% from the company’s current price.

Several other equities analysts also recently weighed in on the company. BNP Paribas Exane downgraded Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $161.00 to $150.00 in a research note on Thursday, August 14th. Barclays decreased their target price on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Wells Fargo & Company boosted their price objective on shares of Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Finally, UBS Group dropped their price objective on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a report on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $160.28.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $128.39 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $15.03 billion, a PE ratio of 27.20, a P/E/G ratio of 3.38 and a beta of 0.77. The firm has a 50 day simple moving average of $138.15 and a 200-day simple moving average of $146.90. Mid-America Apartment Communities has a 1-year low of $126.05 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS 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 analysts’ expectations of $557.22 million. During the same period in the previous year, the firm posted $2.21 earnings per share. The firm’s revenue 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 year.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of large investors have recently added to or reduced their stakes in MAA. Elevation Point Wealth Partners LLC purchased a new position in Mid-America Apartment Communities in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mid-America Apartment Communities in the second quarter worth about $26,000. Larson Financial Group LLC boosted its holdings in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 91 shares during the last quarter. Financial Network Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 1st quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC grew its stake in 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 valued at $29,000 after purchasing an additional 175 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

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.