Mid-America Apartment Communities (NYSE:MAA) Price Target Cut to $140.00 by Analysts at Piper Sandler

Mid-America Apartment Communities (NYSE:MAA) had its target price lowered by Piper Sandler from $153.00 to $140.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price objective suggests a potential upside of 9.04% from the stock’s current price.

A number of other brokerages also recently commented on MAA. KeyCorp decreased their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. BNP Paribas Exane downgraded Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a report on Monday, September 29th. Scotiabank reduced their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 14th. Barclays dropped their target price on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company raised their target price on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $160.28.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $128.39 on Monday. The company has a market cap of $15.03 billion, a PE ratio of 27.20, a P/E/G ratio of 3.38 and a beta of 0.77. The company has a fifty day moving average price of $138.15 and a two-hundred day moving average price of $146.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities has a 12 month low of $126.05 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. During the same period last year, the company posted $2.21 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. 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 expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth approximately $26,000. Larson Financial Group LLC grew its position in Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 91 shares in the last quarter. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC lifted its position in Mid-America Apartment Communities by 972.2% in the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 175 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.