Mizuho Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $140.00

Mid-America Apartment Communities (NYSE:MAA) had its price target cut by Mizuho from $152.00 to $140.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on MAA. Jefferies Financial Group raised shares of Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. UBS Group reissued a “neutral” rating on shares of Mid-America Apartment Communities in a research note on Thursday, August 27th. Piper Sandler reduced their price target on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Truist Financial upped their price objective on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Barclays cut their target price on Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $143.94.

Mid-America Apartment Communities Price Performance

MAA stock opened at $124.54 on Tuesday. Mid-America Apartment Communities has a 1 year low of $120.30 and a 1 year high of $144.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $14.45 billion, a PE ratio of 36.42 and a beta of 0.73. The business has a 50 day simple moving average of $132.75 and a 200-day simple moving average of $131.03.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.32. The firm had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 earnings per share. 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. Equities research analysts anticipate that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mid-America Apartment Communities by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock valued at $2,149,000 after acquiring an additional 620 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 47.6% in the second quarter. EverSource Wealth Advisors LLC now owns 927 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 299 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Mid-America Apartment Communities by 7.1% in the second quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust’s stock valued at $976,000 after purchasing an additional 437 shares in the last quarter. Walleye Capital LLC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter worth approximately $230,000. Finally, Bank of Nova Scotia lifted its holdings in Mid-America Apartment Communities by 21.7% during the 2nd quarter. Bank of Nova Scotia now owns 15,538 shares of the real estate investment trust’s stock worth $2,300,000 after buying an additional 2,771 shares in 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 self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.