Mid-America Apartment Communities (NYSE:MAA) Stock Price Target Cut by Piper Sandler

Mid-America Apartment Communities (NYSE:MAA) had its target price lowered by analysts at Piper Sandler from $140.00 to $121.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price would indicate a potential upside of 3.95% from the company’s current price.

MAA has been the subject of several other reports. Mizuho decreased their price target on shares of Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, September 8th. Weiss Ratings lowered shares of Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. KeyCorp reiterated an “overweight” rating on shares of Mid-America Apartment Communities in a research report on Tuesday, September 29th. BNP Paribas Exane upgraded shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Mid-America Apartment Communities in a research note on Thursday, August 27th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.56.

Mid-America Apartment Communities Stock Down 0.1%

Shares of Mid-America Apartment Communities stock opened at $116.40 on Monday. The stock has a 50-day moving average price of $125.20 and a 200 day moving average price of $129.28. The company has a market cap of $13.50 billion, a P/E ratio of 34.03 and a beta of 0.75. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. Mid-America Apartment Communities has a 1 year low of $113.95 and a 1 year high of $144.41.

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

Hedge Funds Weigh In On Mid-America Apartment Communities

Hedge funds have recently bought and sold shares of the business. Lincoln Capital Corp increased its holdings in shares of Mid-America Apartment Communities by 63.9% during the 3rd quarter. Lincoln Capital Corp now owns 12,107 shares of the real estate investment trust’s stock valued at $1,425,000 after acquiring an additional 4,721 shares during the last quarter. Steel Grove Capital Advisors LLC raised its stake in shares of Mid-America Apartment Communities by 27.0% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 6,397 shares of the real estate investment trust’s stock valued at $753,000 after acquiring an additional 1,359 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in Mid-America Apartment Communities by 34.4% in the 3rd quarter. Pacifica Partners Inc. now owns 15,550 shares of the real estate investment trust’s stock worth $1,810,000 after purchasing an additional 3,981 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in Mid-America Apartment Communities by 87.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 376 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 175 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. lifted its holdings in Mid-America Apartment Communities by 27.6% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 8,153 shares of the real estate investment trust’s stock worth $960,000 after purchasing an additional 1,761 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

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.