Mid-America Apartment Communities (NYSE:MAA) Downgraded by Wall Street Zen to Sell

Mid-America Apartment Communities (NYSE:MAA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other analysts have also recently issued reports on MAA. KeyCorp lowered their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Morgan Stanley lowered their target price on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Barclays lowered their target price on Mid-America Apartment Communities from $172.00 to $156.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. Evercore ISI decreased their price target on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an “in-line” rating for the company in a research note on Tuesday, August 12th. Finally, UBS Group decreased their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a research note on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $162.41.

Mid-America Apartment Communities Price Performance

NYSE MAA opened at $142.13 on Friday. The business has a 50 day simple moving average of $145.28 and a 200 day simple moving average of $153.56. Mid-America Apartment Communities has a 52-week low of $137.32 and a 52-week high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.85 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $552.19 million. During the same period in the prior year, the business earned $2.22 EPS. Mid-America Apartment Communities’s revenue for the quarter was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. Analysts anticipate that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at $26,000. Larson Financial Group LLC grew its stake in shares of Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 91 shares in the last quarter. Financial Network Wealth Advisors LLC bought a new position in shares of Mid-America Apartment Communities in the first quarter valued at $29,000. Finally, Sound Income Strategies LLC grew its stake in shares of Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 175 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

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.