Wells Fargo & Company Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $146.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective cut by Wells Fargo & Company from $148.00 to $146.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on MAA. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Truist Financial lifted their price objective on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. assumed coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They set a “neutral” rating and a $147.00 price objective for the company. Mizuho increased their target price on Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley dropped their target price on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus price target of $144.69.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $128.44 on Tuesday. The firm’s 50-day moving average price is $134.08 and its 200-day moving average price is $131.29. Mid-America Apartment Communities has a 52-week low of $120.30 and a 52-week high of $146.41. The company has a market cap of $14.90 billion, a PE ratio of 37.56 and a beta of 0.73. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $0.76 by $1.32. The firm had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 earnings per share. 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. As a group, analysts anticipate that Mid-America Apartment Communities will post 8.52 EPS for the current year.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAA. California State Teachers Retirement System boosted its stake in Mid-America Apartment Communities by 15,857.1% in the 2nd quarter. California State Teachers Retirement System now owns 27,639,334 shares of the real estate investment trust’s stock worth $3,840,209,000 after purchasing an additional 27,466,124 shares during the period. BlackRock Inc. bought a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $1,820,661,000. Norges Bank bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $750,603,000. Viking Global Investors LP purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth $369,597,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Mid-America Apartment Communities in the second quarter worth $175,377,000. Institutional investors own 93.60% of the company’s stock.

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.