Scotiabank Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $125.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective decreased by Scotiabank from $134.00 to $125.00 in a research report sent to investors on Thursday morning,Benzinga reports. Scotiabank currently has a sector underperform rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on MAA. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a report on Thursday, August 27th. JPMorgan Chase & Co. initiated coverage on shares of Mid-America Apartment Communities in a research note on Thursday, July 16th. They set a “neutral” rating and a $147.00 price target on the stock. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target of $142.31.

Mid-America Apartment Communities Stock Down 1.8%

Shares of Mid-America Apartment Communities stock opened at $118.98 on Thursday. Mid-America Apartment Communities has a twelve month low of $118.91 and a twelve month high of $144.41. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 34.79 and a beta of 0.73. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $130.83 and a 200 day moving average price of $130.58.

Mid-America Apartment Communities (NYSE:MAA) last issued 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 company had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. 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. Equities research analysts forecast that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Mid-America Apartment Communities in the second quarter valued at about $1,820,661,000. Norges Bank acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter worth approximately $750,603,000. Geode Capital Management LLC grew its position in shares of Mid-America Apartment Communities by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock worth $473,977,000 after acquiring an additional 40,028 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mid-America Apartment Communities by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust’s stock valued at $216,450,000 after acquiring an additional 63,519 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $175,377,000. Institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.