Mid-America Apartment Communities (NYSE:MAA) Receives “Buy” Rating from BTIG Research

Mid-America Apartment Communities (NYSE:MAA)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a report released on Friday,Benzinga reports. They presently have a $160.00 price objective on the real estate investment trust’s stock. BTIG Research’s price target points to a potential upside of 20.47% from the stock’s current price.

Other research analysts have also issued research reports about the company. Piper Sandler reduced their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Morgan Stanley cut their target price on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. BNP Paribas lowered shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Evercore ISI reduced their target price on shares of Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Finally, Scotiabank decreased their target price on shares of Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating for the company in a research report on Tuesday, November 4th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $155.16.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $132.82 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06. Mid-America Apartment Communities has a 12 month low of $125.75 and a 12 month high of $173.38. The company has a fifty day moving average price of $133.04 and a two-hundred day moving average price of $142.24. The company has a market cap of $15.55 billion, a PE ratio of 28.14, a P/E/G ratio of 3.83 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 earnings per share. 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 earnings per share for the current year.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. acquired 578 shares of Mid-America Apartment Communities stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently modified their holdings of MAA. LPL Financial LLC boosted its holdings in shares of Mid-America Apartment Communities by 4.1% in the first quarter. LPL Financial LLC now owns 46,347 shares of the real estate investment trust’s stock worth $7,767,000 after buying an additional 1,813 shares during the period. Federated Hermes Inc. lifted its stake in Mid-America Apartment Communities by 50.4% in the 1st quarter. Federated Hermes Inc. now owns 1,930 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 647 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Mid-America Apartment Communities by 11.3% in the first quarter. PNC Financial Services Group Inc. now owns 16,242 shares of the real estate investment trust’s stock worth $2,722,000 after purchasing an additional 1,653 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in Mid-America Apartment Communities during the first quarter valued at approximately $350,000. Finally, Deutsche Bank AG lifted its position in Mid-America Apartment Communities by 38.3% in the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock worth $284,188,000 after buying an additional 469,806 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

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.