Mid-America Apartment Communities (NYSE:MAA) Given New $131.00 Price Target at Wells Fargo & Company

Mid-America Apartment Communities (NYSE:MAA) had its target price decreased by research analysts at Wells Fargo & Company from $146.00 to $131.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 13.02% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. BNP Paribas Exane upgraded Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. UBS Group decreased their price objective on Mid-America Apartment Communities from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada cut their target price on Mid-America Apartment Communities from $138.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a research note on Thursday, August 27th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $138.62.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded down $0.72 during mid-day trading on Monday, hitting $115.91. The stock had a trading volume of 242,571 shares, compared to its average volume of 1,009,905. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The company has a 50 day simple moving average of $124.11 and a 200-day simple moving average of $129.17. The stock has a market capitalization of $13.45 billion, a price-to-earnings ratio of 33.89 and a beta of 0.75. Mid-America Apartment Communities has a 52 week low of $113.95 and a 52 week high of $144.41.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAA. AlphaStar Capital Management LLC acquired a new stake in Mid-America Apartment Communities in the third quarter worth approximately $387,000. Franchise GP Ltd bought a new position in Mid-America Apartment Communities during the 3rd quarter valued at $71,000. V Square Quantitative Management LLC boosted its stake in Mid-America Apartment Communities by 30.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,027 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 714 shares in the last quarter. TT Capital Management LLC increased its position in shares of Mid-America Apartment Communities by 31.1% during the 3rd quarter. TT Capital Management LLC now owns 28,390 shares of the real estate investment trust’s stock valued at $3,343,000 after purchasing an additional 6,735 shares during the period. Finally, Columbus Macro LLC increased its position in shares of Mid-America Apartment Communities by 5.7% during the 3rd quarter. Columbus Macro LLC now owns 78,899 shares of the real estate investment trust’s stock valued at $9,290,000 after purchasing an additional 4,290 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.