Mid-America Apartment Communities (NYSE:MAA) Given Sector Underperform Rating at Scotiabank

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “sector underperform” rating reissued by investment analysts at Scotiabank in a report issued on Thursday, MarketBeat.com reports. They presently have a $120.00 target price on the real estate investment trust’s stock, down from their previous target price of $138.00. Scotiabank’s target price points to a potential downside of 7.17% from the stock’s previous close.

MAA has been the subject of several other reports. KeyCorp reduced their price objective on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Morgan Stanley lowered their target price on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. BTIG Research dropped their price target on Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, Cantor Fitzgerald decreased their price objective on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $146.78.

Mid-America Apartment Communities Trading Up 0.0%

Shares of MAA opened at $129.26 on Thursday. Mid-America Apartment Communities has a twelve month low of $120.30 and a twelve month high of $163.63. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $15.04 billion, a P/E ratio of 39.17 and a beta of 0.77. The firm’s 50-day moving average is $126.78 and its two-hundred day moving average is $131.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. The company had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm earned $2.20 EPS. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. On average, research analysts predict that Mid-America Apartment Communities will post 8.53 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $124.73, for a total value of $88,683.03. Following the sale, the executive vice president directly owned 4,471 shares in the company, valued at $557,667.83. This represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,039 shares of company stock valued at $129,594 in the last quarter. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its stake in shares of Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Values First Advisors Inc. raised its position in shares of Mid-America Apartment Communities by 0.5% in the first quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust’s stock valued at $1,889,000 after buying an additional 82 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Mid-America Apartment Communities by 1.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,600 shares of the real estate investment trust’s stock valued at $643,000 after buying an additional 83 shares during the period. Blue Trust Inc. boosted its position in Mid-America Apartment Communities by 9.6% during the fourth quarter. Blue Trust Inc. now owns 1,041 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 91 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its position in Mid-America Apartment Communities by 1.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 5,400 shares of the real estate investment trust’s stock worth $750,000 after acquiring an additional 100 shares during the last quarter. 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 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.