Citigroup Has Lowered Expectations for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its target price cut by equities researchers at Citigroup from $155.00 to $148.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective would suggest a potential upside of 9.16% from the company’s current price.

A number of other analysts have also recently commented on MAA. BTIG Research restated a “buy” rating and issued a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Morgan Stanley cut their price objective on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Royal Bank Of Canada reduced their target price on shares of Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. BMO Capital Markets upgraded shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $158.00 in a research note on Friday, January 9th. Finally, KeyCorp dropped their price target on shares of Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.55.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded up $2.14 during trading on Friday, hitting $135.58. The company’s stock had a trading volume of 274,639 shares, compared to its average volume of 1,020,294. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.06. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.25 and a beta of 0.79. The company has a 50-day moving average of $135.13 and a 200-day moving average of $136.61. 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 announced its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The business had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. During the same period in the prior year, the company posted $2.23 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. On average, sell-side analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Adrian Hill bought 758 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of $131.83 per share, with a total value of $99,927.14. Following the completion of the transaction, the executive vice president directly owned 48,766 shares of the company’s stock, valued at $6,428,821.78. This represents a 1.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amber Fairbanks sold 233 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total value of $31,804.50. Following the transaction, the executive vice president owned 3,799 shares in the company, valued at $518,563.50. This trade represents a 5.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,079 shares of company stock valued at $838,698 in the last three months. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mid-America Apartment Communities during the 2nd quarter worth about $26,000. Tobam purchased a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $26,000. Physician Wealth Advisors Inc. boosted its stake in shares of Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Mid-America Apartment Communities in the third quarter valued at approximately $33,000. 93.60% of the stock is owned by institutional investors and hedge funds.

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.