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

Mid-America Apartment Communities (NYSE:MAA) had its price target dropped by equities research analysts at UBS Group from $149.00 to $142.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the real estate investment trust’s stock. UBS Group’s price target would indicate a potential downside of 5.57% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. JMP Securities raised their price target on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 22nd. Truist Financial reduced their price target on Mid-America Apartment Communities from $174.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, May 21st. Mizuho reduced their price target on Mid-America Apartment Communities from $166.00 to $161.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. Finally, Scotiabank reduced their price target on Mid-America Apartment Communities from $194.00 to $180.00 and set a “sector outperform” rating on the stock in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $168.81.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock opened at $150.37 on Tuesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $17.60 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 3.78 and a beta of 0.75. The business’s 50-day moving average price is $152.76 and its 200-day moving average price is $156.25. Mid-America Apartment Communities has a 12 month low of $138.89 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a return on equity of 9.19% and a net margin of 25.70%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.22 EPS. Sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total value of $28,865.05. Following the sale, the executive vice president directly owned 3,012 shares in the company, valued at approximately $502,552.20. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Mid-America Apartment Communities by 1.5% during the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock worth $32,214,000 after acquiring an additional 2,800 shares during the last quarter. Summit Trail Advisors LLC increased its stake in Mid-America Apartment Communities by 106.9% during the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust’s stock worth $738,000 after acquiring an additional 2,274 shares during the last quarter. Starwood Capital Group Management L.L.C. increased its stake in Mid-America Apartment Communities by 17.7% during the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust’s stock worth $33,914,000 after acquiring an additional 33,000 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Mid-America Apartment Communities by 92.0% during the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock worth $4,715,000 after acquiring an additional 13,482 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Mid-America Apartment Communities by 1.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust’s stock worth $60,708,000 after acquiring an additional 5,650 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other 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.