Mid-America Apartment Communities (NYSE:MAA) Given New $148.00 Price Target at Wells Fargo & Company

Mid-America Apartment Communities (NYSE:MAA) had its target price upped by research analysts at Wells Fargo & Company from $140.00 to $148.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 12.84% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley boosted their price objective on Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Citigroup reaffirmed a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Mizuho increased their price target on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Truist Financial raised their price target on 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. Finally, Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.25.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded down $1.08 during trading on Wednesday, hitting $131.16. 341,812 shares of the company’s stock were exchanged, compared to its average volume of 985,046. Mid-America Apartment Communities has a 52-week low of $120.30 and a 52-week high of $153.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 39.76 and a beta of 0.74. The business’s 50-day simple moving average is $134.45 and its 200 day simple moving average is $131.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. The firm had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. Mid-America Apartment Communities’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, equities analysts predict that Mid-America Apartment Communities will post 8.5 EPS for the current year.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, Director Tamara D. Fischer bought 1,100 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of the acquisition, the director directly owned 1,100 shares of the company’s stock, valued at $141,405. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently made changes to their positions in MAA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $2,149,000 after purchasing an additional 620 shares during the period. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 299 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Mid-America Apartment Communities by 7.1% during the second quarter. Baird Financial Group Inc. now owns 6,595 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 437 shares during the last quarter. Walleye Capital LLC purchased a new position in Mid-America Apartment Communities in the second quarter valued at approximately $230,000. Finally, Bank of Nova Scotia lifted its position in shares of 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 during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

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.