Mid-America Apartment Communities (NYSE:MAA) Price Target Cut to $121.00 by Analysts at Piper Sandler

by · The Markets Daily

Mid-America Apartment Communities (NYSE:MAA – Free Report) had its price target trimmed by Piper Sandler from $140.00 to $121.00 in a report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

MAA has been the subject of several other reports. Wall Street Zen cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Mizuho dropped their target price on Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 8th. Morgan Stanley cut their target price on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings cut Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. started coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They set a “neutral” rating and a $147.00 price target for the company. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $141.12.

Read Our Latest Research Report on MAA

Mid-America Apartment Communities Trading Down 0.4%

Shares of NYSE:MAA opened at $116.39 on Monday. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 34.03 and a beta of 0.75. Mid-America Apartment Communities has a 12 month low of $113.95 and a 12 month high of $144.41. The company’s fifty day simple moving average is $125.54 and its 200 day simple moving average is $129.32. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02.

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $1.32. The firm had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company’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 business earned $2.15 EPS. 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, research analysts forecast that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 178.95%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Mid-America Apartment Communities during the second quarter worth about $1,820,661,000. Dimensional Fund Advisors LP increased its position in Mid-America Apartment Communities by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust’s stock worth $216,450,000 after buying an additional 63,519 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Mid-America Apartment Communities during the second quarter worth approximately $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Mid-America Apartment Communities by 15,892.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust’s stock valued at $169,649,000 after buying an additional 1,213,390 shares during the period. Finally, Legal & General Group Plc bought a new stake in Mid-America Apartment Communities in the second quarter valued at approximately $155,052,000. 93.60% of the stock is owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

(Get Free Report)

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.

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