Morgan Stanley Raises Mid-America Apartment Communities (NYSE:MAA) Price Target to $155.00

Mid-America Apartment Communities (NYSE:MAA) had its target price lifted by equities research analysts at Morgan Stanley from $150.00 to $155.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target would indicate a potential upside of 12.76% from the company’s current price.

MAA has been the topic of a number of other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Friday, March 27th. BTIG Research decreased their price target on shares of Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Cantor Fitzgerald lowered their price target on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Mizuho lifted their price target on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Truist Financial boosted their price objective on shares of Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $144.69.

Mid-America Apartment Communities Stock Up 2.3%

Shares of NYSE:MAA traded up $3.05 during trading on Thursday, hitting $137.47. The stock had a trading volume of 453,621 shares, compared to its average volume of 976,988. The company has a market capitalization of $16.00 billion, a PE ratio of 41.63 and a beta of 0.76. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average is $130.78 and its 200 day moving average is $131.64. Mid-America Apartment Communities has a 12 month low of $120.30 and a 12 month high of $153.93.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating the consensus estimate of $0.83 by $1.30. The company had revenue of $553.73 million for the quarter, compared to analyst estimates of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. Analysts anticipate that Mid-America Apartment Communities will post 8.5 EPS for the current fiscal year.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 711 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the transaction, the executive vice president owned 4,471 shares in the company, valued at $557,667.83. This represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tamara D. Fischer bought 1,100 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the acquisition, the director directly owned 1,100 shares of the company’s stock, valued at $141,405. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 1,039 shares of company stock valued at $129,594 over the last three months. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in Mid-America Apartment Communities in the fourth quarter valued at about $750,603,000. Viking Global Investors LP bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at about $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mid-America Apartment Communities by 621.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock valued at $168,805,000 after purchasing an additional 1,040,525 shares during the period. Millennium Management LLC increased its position in shares of Mid-America Apartment Communities by 3,129.2% during the 4th quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock valued at $102,525,000 after purchasing an additional 715,209 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,030,848 shares of the real estate investment trust’s stock valued at $282,105,000 after purchasing an additional 474,989 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Company Profile

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.