Mid-America Apartment Communities (NYSE:MAA) Price Target Cut to $155.00 by Analysts at KeyCorp

Mid-America Apartment Communities (NYSE:MAA) had its price objective lowered by equities researchers at KeyCorp from $170.00 to $155.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price objective points to a potential upside of 13.63% from the stock’s current price.

Other analysts have also issued reports about the company. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. BTIG Research restated a “buy” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Colliers Securities lowered shares of Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a report on Monday. Truist Financial dropped their target price on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Cantor Fitzgerald lifted their price objective on Mid-America Apartment Communities from $137.00 to $141.00 and gave the stock a “neutral” rating in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $153.84.

Mid-America Apartment Communities Stock Up 2.1%

Shares of Mid-America Apartment Communities stock opened at $136.41 on Wednesday. Mid-America Apartment Communities has a 1-year low of $125.75 and a 1-year high of $173.38. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.06. The business’s fifty day moving average price is $135.09 and its two-hundred day moving average price is $136.64. The company has a market capitalization of $15.95 billion, a P/E ratio of 36.09, a PEG ratio of 3.84 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The business had revenue of $555.56 million for the quarter, compared to analyst estimates of $556.80 million. During the same quarter in the previous year, the business posted $2.23 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. As a group, research analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, EVP Robert J. Delpriore sold 5,426 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $138.23, for a total transaction of $750,035.98. Following the sale, the executive vice president directly owned 49,745 shares of the company’s stock, valued at $6,876,251.35. The trade was a 9.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total value of $31,804.50. Following the transaction, the executive vice president directly owned 3,799 shares in the company, valued at $518,563.50. The trade was a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,079 shares of company stock worth $838,698 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at about $750,603,000. Viking Global Investors LP purchased a new stake in shares of Mid-America Apartment Communities during the third quarter valued at approximately $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Mid-America Apartment Communities by 621.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock worth $168,805,000 after buying an additional 1,040,525 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Mid-America Apartment Communities by 461.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock worth $106,777,000 after purchasing an additional 593,020 shares during the period. Finally, Invesco Ltd. increased its position in shares of Mid-America Apartment Communities by 30.6% during the second quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock valued at $271,659,000 after buying an additional 430,398 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

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.