UBS Group Upgrades Mid-America Apartment Communities (NYSE:MAA) to “Neutral”

Mid-America Apartment Communities (NYSE:MAA) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a report released on Monday, Marketbeat Ratings reports. The brokerage presently has a $132.00 price target on the real estate investment trust’s stock, down from their prior price target of $142.00. UBS Group’s price target would suggest a potential upside of 0.36% from the stock’s previous close.

MAA has been the topic of a number of other reports. Morgan Stanley decreased their price objective on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. BNP Paribas downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada cut their price objective on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus price target of $156.50.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $131.53 on Monday. Mid-America Apartment Communities has a 52-week low of $125.75 and a 52-week high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average is $136.06 and its 200 day moving average is $145.46. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 3.38 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. Sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. acquired 578 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the acquisition, the chief executive officer directly owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This represents a 0.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Mid-America Apartment Communities by 0.5% in the second quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust’s stock valued at $2,744,110,000 after purchasing an additional 101,397 shares during the period. State Street Corp raised its position in Mid-America Apartment Communities by 2.0% during the 2nd quarter. State Street Corp now owns 7,994,245 shares of the real estate investment trust’s stock valued at $1,183,228,000 after purchasing an additional 159,278 shares in the last quarter. Norges Bank bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $795,893,000. Geode Capital Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust’s stock worth $488,867,000 after buying an additional 54,063 shares during the period. Finally, APG Asset Management US Inc. grew its position in shares of Mid-America Apartment Communities by 9.7% during the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock worth $514,081,000 after buying an additional 271,507 shares in 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 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.