Truist Financial Issues Positive Forecast for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its target price raised by analysts at Truist Financial from $136.00 to $146.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 4.50% from the company’s current price.

MAA has been the topic of a number of other research reports. KeyCorp cut their target price on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Citigroup reaffirmed a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday. Morgan Stanley cut their target price on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Wells Fargo & Company cut their target price on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Finally, Mizuho upped their target price on Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $144.19.

Mid-America Apartment Communities Trading Up 0.6%

MAA stock traded up $0.81 during midday trading on Wednesday, reaching $139.72. 322,688 shares of the company traded hands, compared to its average volume of 966,381. Mid-America Apartment Communities has a 52-week low of $120.30 and a 52-week high of $153.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13. The business has a 50 day moving average of $128.37 and a 200-day moving average of $131.56. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 42.33 and a beta of 0.76.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data 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. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The business had revenue of $553.73 million for the quarter, compared to the consensus estimate of $555.75 million. During the same period in the prior year, the business posted $2.20 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Mid-America Apartment Communities will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Mid-America Apartment Communities

In related news, Director Tamara D. Fischer bought 1,100 shares of the stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the acquisition, the director directly owned 1,100 shares in the company, valued at approximately $141,405. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 owned 4,471 shares of the company’s stock, valued at approximately $557,667.83. This represents a 13.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last three months, insiders sold 1,039 shares of company stock worth $129,594. 0.60% of the stock is owned by insiders.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds have recently bought and sold shares of MAA. EMG Holdings L.P. lifted its holdings in shares of Mid-America Apartment Communities by 40.3% during the 1st quarter. EMG Holdings L.P. now owns 34,800 shares of the real estate investment trust’s stock valued at $4,250,000 after purchasing an additional 10,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Mid-America Apartment Communities by 11.5% during the 1st quarter. Bank of America Corp DE now owns 841,563 shares of the real estate investment trust’s stock valued at $102,772,000 after purchasing an additional 87,091 shares during the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $489,000. Amundi lifted its holdings in shares of Mid-America Apartment Communities by 46.9% during the 1st quarter. Amundi now owns 517,233 shares of the real estate investment trust’s stock valued at $63,164,000 after purchasing an additional 165,122 shares during the last quarter. Finally, Adelante Capital Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 34.9% during the 1st quarter. Adelante Capital Management LLC now owns 156,165 shares of the real estate investment trust’s stock valued at $19,071,000 after purchasing an additional 40,404 shares during the last quarter. Hedge funds and other institutional investors 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.