Wall Street Zen Upgrades Mid-America Apartment Communities (NYSE:MAA) to Hold

Mid-America Apartment Communities (NYSE:MAA) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on the company. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada cut their price target on shares of Mid-America Apartment Communities from $138.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Scotiabank reduced their price target on shares of Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating on the stock in a research report on Thursday, September 17th. UBS Group reduced their price target on shares of Mid-America Apartment Communities from $129.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Finally, Barclays lowered their price objective on shares of Mid-America Apartment Communities from $146.00 to $136.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $139.56.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $116.50 on Friday. The company’s 50 day simple moving average is $124.11 and its 200-day simple moving average is $129.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a 1 year low of $113.95 and a 1 year high of $144.41. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 34.07 and a beta of 0.75.

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 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 firm had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. During the same quarter last year, the company posted $2.15 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. 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, equities research analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at $1,820,661,000. Dimensional Fund Advisors LP lifted 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 worth $216,450,000 after purchasing an additional 63,519 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Mid-America Apartment Communities during the second quarter worth $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mid-America Apartment Communities by 15,892.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust’s stock worth $169,649,000 after purchasing an additional 1,213,390 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Mid-America Apartment Communities during the second quarter worth $155,052,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.