Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $146.00 at Scotiabank

by · The Cerbat Gem

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) had its target price lowered by investment analysts at Scotiabank from $162.00 to $146.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 14.12% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. KeyCorp cut their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. Royal Bank Of Canada cut their price objective on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday. Wells Fargo & Company lifted their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, October 13th. Piper Sandler cut their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday. Finally, BNP Paribas Exane downgraded Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and an average price target of $158.44.

View Our Latest Research Report on MAA

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded up $0.35 during midday trading on Tuesday, hitting $127.94. 315,206 shares of the company were exchanged, compared to its average volume of 894,276. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $14.98 billion, a P/E ratio of 27.08, a PEG ratio of 3.38 and a beta of 0.77. Mid-America Apartment Communities has a 52 week low of $125.75 and a 52 week high of $173.38. The firm has a 50 day simple moving average of $137.86 and a 200-day simple moving average of $146.69.

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). The company had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $2.21 EPS. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. Research analysts forecast that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Insider Activity at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. acquired 578 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $129.36 per share, with a total value of $74,770.08. Following the completion of the purchase, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently made changes to their positions in MAA. Private Trust Co. NA grew its stake in Mid-America Apartment Communities by 120.1% in the first quarter. Private Trust Co. NA now owns 854 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 466 shares during the period. Teacher Retirement System of Texas acquired a new position in Mid-America Apartment Communities in the first quarter valued at about $2,863,000. Principal Financial Group Inc. grew its stake in Mid-America Apartment Communities by 1.5% in the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock valued at $32,214,000 after acquiring an additional 2,800 shares during the period. TD Private Client Wealth LLC grew its stake in Mid-America Apartment Communities by 4.5% in the first quarter. TD Private Client Wealth LLC now owns 2,759 shares of the real estate investment trust’s stock valued at $462,000 after acquiring an additional 119 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in Mid-America Apartment Communities by 16.4% in the first quarter. Crossmark Global Holdings Inc. now owns 6,221 shares of the real estate investment trust’s stock valued at $1,043,000 after acquiring an additional 875 shares during the period. 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 is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.

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