UBS Group Upgrades Mid-America Apartment Communities (NYSE:MAA) to Neutral

Mid-America Apartment Communities (NYSE:MAA) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has a $132.00 price target on the real estate investment trust’s stock, down from their prior price target of $142.00. UBS Group’s price objective would suggest a potential upside of 1.88% from the stock’s previous close.

Several other brokerages have also recently issued reports on MAA. Piper Sandler reduced their target price on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. KeyCorp cut their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Scotiabank reduced their price objective on Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating for the company in a research note on Tuesday, November 4th. Wells Fargo & Company upped their target price on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, October 13th. Finally, Barclays dropped their target price on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 30th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus target price of $157.89.

Mid-America Apartment Communities Trading Up 2.0%

Mid-America Apartment Communities stock opened at $129.56 on Monday. The stock has a 50-day moving average price of $136.60 and a 200 day moving average price of $145.87. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. Mid-America Apartment Communities has a 52 week low of $125.75 and a 52 week high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly 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 business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same quarter last year, the company posted $2.21 EPS. Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. 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. Sell-side analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. acquired 578 shares of the company’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $129.36 per share, with a total value of $74,770.08. Following the completion of the acquisition, the chief executive officer owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its stake in Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 65 shares in the last quarter. Stephens Inc. AR grew its position in shares of Mid-America Apartment Communities by 2.6% in the first quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust’s stock valued at $463,000 after purchasing an additional 70 shares in the last quarter. Ables Iannone Moore & Associates Inc. increased its holdings in shares of Mid-America Apartment Communities by 2.7% in the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 70 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Mid-America Apartment Communities by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 80 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Mid-America Apartment Communities by 2.9% during the first quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.