Mid-America Apartment Communities (NYSE:MAA) Rating Increased to Strong-Buy at Jefferies Financial Group

Mid-America Apartment Communities (NYSE:MAA) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

MAA has been the topic of a number of other reports. Truist Financial upped their price target on Mid-America Apartment Communities from $136.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. BTIG Research lowered their price objective on Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Scotiabank boosted their target price on Mid-America Apartment Communities from $120.00 to $129.00 and gave the stock a “sector underperform” rating in a research note on Thursday, June 18th. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Finally, UBS Group decreased their price target on Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.69.

Mid-America Apartment Communities Stock Up 2.0%

Shares of Mid-America Apartment Communities stock opened at $140.84 on Friday. The firm’s 50 day moving average price is $131.35 and its 200-day moving average price is $131.75. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.99. Mid-America Apartment Communities has a 52-week low of $120.30 and a 52-week high of $153.93. The company has a market cap of $16.39 billion, a P/E ratio of 42.68 and a beta of 0.76.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 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 firm had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. During the same quarter in the previous year, the business posted $2.20 EPS. Mid-America Apartment Communities’s 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. On average, sell-side analysts predict that Mid-America Apartment Communities will post 8.5 EPS for the current fiscal year.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 711 shares of Mid-America Apartment Communities stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 4,471 shares in the company, valued at approximately $557,667.83. The trade was a 13.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 company’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the acquisition, the director directly owned 1,100 shares in the company, valued at approximately $141,405. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders sold 1,039 shares of company stock worth $129,594. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in Mid-America Apartment Communities by 1.6% in the third 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 last quarter. Norges Bank acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth about $750,603,000. Viking Global Investors LP raised its stake 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 buying an additional 1,234,966 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mid-America Apartment Communities by 1.2% during 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 buying an additional 40,028 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of 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 buying an additional 134,739 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

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.