Scotiabank Lowers Mid-America Apartment Communities (NYSE:MAA) Price Target to $125.00

Mid-America Apartment Communities (NYSE:MAA) had its target price decreased by stock analysts at Scotiabank from $134.00 to $125.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “sector underperform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential upside of 2.58% from the company’s current price.

Several other research analysts also recently commented on the company. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Barclays decreased their target price on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. JPMorgan Chase & Co. assumed coverage on shares of Mid-America Apartment Communities in a research note on Thursday, July 16th. They issued a “neutral” rating and a $147.00 price objective for the company. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $142.31.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock traded down $0.04 during trading hours on Thursday, reaching $121.86. 193,207 shares of the stock traded hands, compared to its average volume of 980,983. Mid-America Apartment Communities has a one year low of $120.30 and a one year high of $144.41. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 35.63 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. The company has a 50 day moving average price of $131.45 and a 200 day moving average price of $130.75.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same quarter last year, the firm posted $2.15 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. 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. On average, equities research analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Mid-America Apartment Communities during the second quarter worth approximately $1,820,661,000. Norges Bank purchased a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $750,603,000. Geode Capital Management LLC increased its position in shares of Mid-America Apartment Communities by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock valued at $473,977,000 after purchasing an additional 40,028 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mid-America Apartment Communities by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust’s stock valued at $216,450,000 after purchasing an additional 63,519 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $175,377,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.