Mid-America Apartment Communities (NYSE:MAA) Price Target Cut to $142.00 by Analysts at Truist Financial

Mid-America Apartment Communities (NYSE:MAA) had its price target dropped by equities research analysts at Truist Financial from $146.00 to $142.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 8.95% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $142.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. Evercore reduced their price target on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Colliers Securities downgraded Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Mizuho lifted their price objective on Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $150.58.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $130.34 on Tuesday. Mid-America Apartment Communities has a 12 month low of $125.75 and a 12 month high of $169.42. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $135.00 and a 200 day moving average of $135.58. The stock has a market cap of $15.24 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.21 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). The company had revenue of $555.56 million during the quarter, compared to the consensus estimate of $556.80 million. Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.23 earnings per share. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. As a group, sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Adrian Hill acquired 758 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were purchased at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the purchase, the executive vice president directly owned 48,766 shares of the company’s stock, valued at $6,428,821.78. The trade was a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert J. Delpriore sold 5,426 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the sale, the executive vice president owned 49,745 shares of the company’s stock, valued at approximately $6,876,251.35. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,079 shares of company stock worth $838,698 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Mid-America Apartment Communities by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock valued at $2,149,000 after purchasing an additional 620 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth $65,000. Vestmark Advisory Solutions Inc. acquired a new position in Mid-America Apartment Communities in the 2nd quarter worth about $205,000. Wedbush Securities Inc. acquired a new position in shares of Mid-America Apartment Communities in the second quarter worth approximately $262,000. Finally, Aviva PLC lifted its position in Mid-America Apartment Communities by 1,834.7% during the 2nd quarter. Aviva PLC now owns 87,274 shares of the real estate investment trust’s stock valued at $12,917,000 after acquiring an additional 82,763 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

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.