Mid-America Apartment Communities (NYSE:MAA) Price Target Cut to $127.00 by Analysts at Royal Bank Of Canada

Mid-America Apartment Communities (NYSE:MAA) had its price objective reduced by investment analysts at Royal Bank Of Canada from $138.00 to $127.00 in a research note issued 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 price target would suggest a potential upside of 9.42% from the company’s previous close.

Several other brokerages have also recently issued reports on MAA. Mizuho dropped their price objective on Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 8th. Jefferies Financial Group raised Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Scotiabank lowered their target price on Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating for the company in a report on Thursday, September 17th. Finally, KeyCorp reissued an “overweight” rating on shares of Mid-America Apartment Communities in a research report on Tuesday, September 29th. Eight equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.56.

Mid-America Apartment Communities Trading Down 0.4%

MAA stock traded down $0.46 during mid-day trading on Tuesday, reaching $116.07. The company had a trading volume of 66,694 shares, compared to its average volume of 1,011,935. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $13.47 billion, a PE ratio of 33.94 and a beta of 0.75. The firm has a 50 day moving average of $125.54 and a 200 day moving average of $129.32. Mid-America Apartment Communities has a 12 month low of $113.95 and a 12 month high of $144.41.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results 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 net margin of 18.17% and a return on equity of 6.99%. The business had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. During the same period last year, the company posted $2.15 earnings per share. The company’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. On average, equities analysts predict that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pacifica Partners Inc. grew its holdings in Mid-America Apartment Communities by 34.4% in the third 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 increased its position in shares of Mid-America Apartment Communities by 87.1% during the third 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 in the last quarter. Ables Iannone Moore & Associates Inc. increased its position in shares of Mid-America Apartment Communities by 27.6% during the third 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 in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Mid-America Apartment Communities by 11.8% during the 2nd quarter. QRG Capital Management Inc. now owns 19,034 shares of the real estate investment trust’s stock valued at $2,645,000 after purchasing an additional 2,003 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Mid-America Apartment Communities by 8.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,506 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 288 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 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.