Mid-America Apartment Communities (NYSE:MAA) Stock Rating Upgraded by BMO Capital Markets

Mid-America Apartment Communities (NYSE:MAA) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Friday,Benzinga reports. The firm presently has a $158.00 price target on the real estate investment trust’s stock, up from their prior price target of $150.00. BMO Capital Markets’ price objective points to a potential upside of 14.02% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Morgan Stanley dropped their price objective on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Cantor Fitzgerald initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price target for the company. Barclays cut their price target on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. UBS Group boosted their price objective on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $155.16.

Mid-America Apartment Communities Price Performance

Shares of MAA stock opened at $138.57 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.87. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 3.84 and a beta of 0.78. The stock has a 50-day moving average price of $133.74 and a 200 day moving average price of $139.31. Mid-America Apartment Communities has a 12 month low of $125.75 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.Mid-America Apartment Communities’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.21 EPS. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. Research analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 233 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the transaction, the executive vice president owned 3,799 shares in the company, valued at approximately $518,563.50. This represents a 5.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Eric Bolton, Jr. purchased 578 shares of the company’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,079 shares of company stock valued at $838,698. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MAA. Vanguard Group Inc. boosted its position in Mid-America Apartment Communities by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust’s stock worth $2,744,110,000 after acquiring an additional 101,397 shares during the last quarter. State Street Corp boosted its holdings in Mid-America Apartment Communities by 1.6% during the third quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock worth $1,134,520,000 after purchasing an additional 125,130 shares during the last quarter. Norges Bank bought a new position in Mid-America Apartment Communities in the second quarter valued at $795,893,000. Geode Capital Management LLC increased its stake in Mid-America Apartment Communities by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust’s stock valued at $488,867,000 after buying an additional 54,063 shares during the last quarter. Finally, Viking Global Investors LP acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $369,597,000. 93.60% of the stock is currently owned by institutional investors.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.