Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $129.00

Mid-America Apartment Communities (NYSE:MAA) had its target price boosted by investment analysts at Scotiabank from $120.00 to $129.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector underperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential downside of 3.40% from the stock’s previous close.

MAA has been the topic of several other research reports. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, June 10th. Truist Financial lifted their price target on shares of 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. Morgan Stanley dropped their price target on shares of Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Cantor Fitzgerald dropped their price target on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, BTIG Research dropped their price target on shares of Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.75.

Mid-America Apartment Communities Stock Performance

MAA stock traded up $0.43 on Thursday, hitting $133.54. The company had a trading volume of 304,058 shares, compared to its average volume of 969,624. Mid-America Apartment Communities has a 12-month low of $120.30 and a 12-month high of $153.93. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99. The stock’s 50-day simple moving average is $130.03 and its 200 day simple moving average is $131.70. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 40.43 and a beta of 0.76.

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 (EPS) for the quarter, topping the consensus estimate of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The company had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. During the same quarter last year, the company posted $2.20 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. 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 research analysts expect that Mid-America Apartment Communities will post 8.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 711 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the sale, the executive vice president directly owned 4,471 shares in the company, valued at $557,667.83. This trade represents a 13.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tamara D. Fischer acquired 1,100 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the transaction, the director directly owned 1,100 shares in the company, valued at approximately $141,405. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 1,039 shares of company stock worth $129,594 over the last 90 days. Insiders own 0.60% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp raised its position in shares of Mid-America Apartment Communities by 1.6% during the 3rd quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock valued at $1,134,520,000 after purchasing an additional 125,130 shares during the period. Norges Bank bought a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at $750,603,000. Viking Global Investors LP raised its position in shares of Mid-America Apartment Communities by 46.7% during the 4th quarter. Viking Global Investors LP now owns 3,880,048 shares of the real estate investment trust’s stock valued at $538,977,000 after purchasing an additional 1,234,966 shares during the period. Geode Capital Management LLC increased its holdings in Mid-America Apartment Communities by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock valued at $473,977,000 after acquiring an additional 40,028 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Mid-America Apartment Communities by 6.7% in the 4th quarter. Invesco Ltd. now owns 2,154,600 shares of the real estate investment trust’s stock valued at $299,295,000 after acquiring an additional 134,739 shares during the last quarter. 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 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.