Royal Bank Of Canada Has Lowered Expectations for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its price target reduced by research analysts at Royal Bank Of Canada from $138.00 to $127.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.42% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Piper Sandler dropped their price target on shares of Mid-America Apartment Communities from $140.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday. Finally, UBS Group reissued a “hold” rating and issued a $129.00 price objective (down from $132.00) on shares of Mid-America Apartment Communities in a research note on Tuesday, September 15th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $140.56.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA traded down $0.46 during trading on Tuesday, hitting $116.07. The company had a trading volume of 66,694 shares, compared to its average volume of 1,011,935. The stock has a 50 day simple moving average of $125.54 and a 200 day simple moving average of $129.32. 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 12 month low of $113.95 and a 12 month high of $144.41. The firm has a market capitalization of $13.47 billion, a P/E ratio of 33.94 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, beating analysts’ consensus estimates of $0.76 by $1.32. The firm had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 EPS. 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 8.51 earnings per share for the current year.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds have recently made changes to their positions in MAA. Amundi grew its position in Mid-America Apartment Communities by 31.0% in the 2nd quarter. Amundi now owns 677,443 shares of the real estate investment trust’s stock valued at $94,124,000 after acquiring an additional 160,210 shares during the last quarter. Hsbc Holdings PLC increased its stake in Mid-America Apartment Communities by 19.9% in the second quarter. Hsbc Holdings PLC now owns 527,345 shares of the real estate investment trust’s stock worth $73,371,000 after purchasing an additional 87,523 shares during the period. BlackRock Inc. bought a new stake in shares of Mid-America Apartment Communities during the second quarter worth $1,820,661,000. Squarepoint Ops LLC lifted its position in shares of Mid-America Apartment Communities by 73.2% during the second quarter. Squarepoint Ops LLC now owns 84,017 shares of the real estate investment trust’s stock worth $11,673,000 after purchasing an additional 35,522 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Mid-America Apartment Communities by 106.3% during the first quarter. Bank of Nova Scotia now owns 39,185 shares of the real estate investment trust’s stock valued at $4,785,000 after purchasing an additional 20,189 shares during the period. 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 focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.