Weiss Ratings Reiterates “Hold (C)” Rating for Mid-America Apartment Communities (NYSE:MAA)

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “hold (c)” rating reissued by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

MAA has been the topic of a number of other research reports. Raymond James Financial cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 24th. KeyCorp dropped their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. UBS Group dropped their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a research note on Tuesday, July 15th. Morgan Stanley dropped their target price on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Finally, Piper Sandler dropped their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $161.78.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $135.87 on Wednesday. Mid-America Apartment Communities has a 1 year low of $134.97 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The company’s 50-day moving average is $141.00 and its 200 day moving average is $150.30. The stock has a market capitalization of $15.91 billion, a P/E ratio of 27.96, a P/E/G ratio of 3.64 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $552.19 million. During the same quarter in the previous year, the company earned $2.22 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. On average, sell-side analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Mid-America Apartment Communities in the second quarter worth approximately $795,893,000. Nuveen LLC bought a new position in Mid-America Apartment Communities in the first quarter worth approximately $150,966,000. Daiwa Securities Group Inc. raised its position in Mid-America Apartment Communities by 461.9% in the second quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock worth $106,777,000 after acquiring an additional 593,020 shares during the period. Deutsche Bank AG raised its position in Mid-America Apartment Communities by 38.3% in the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock worth $284,188,000 after acquiring an additional 469,806 shares during the period. Finally, Invesco Ltd. raised its position in Mid-America Apartment Communities by 30.6% in the second quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock worth $271,659,000 after acquiring an additional 430,398 shares during the period. 93.60% of the stock is currently owned by institutional investors.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.