Royal Bank Of Canada Lowers Mid-America Apartment Communities (NYSE:MAA) Price Target to $136.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective cut by equities research analysts at Royal Bank Of Canada from $138.00 to $136.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 2.87% from the stock’s previous close.

Other research analysts have also issued research reports about the company. UBS Group boosted their price target on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. BMO Capital Markets upgraded shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and lifted their price objective for the company from $150.00 to $158.00 in a research note on Friday, January 9th. Wells Fargo & Company decreased their target price on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Piper Sandler lowered their target price on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Barclays reduced their price target on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $155.11.

Mid-America Apartment Communities Trading Up 1.1%

Mid-America Apartment Communities stock opened at $132.21 on Friday. 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 0.06, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.79 and a beta of 0.79. The firm has a 50-day moving average price of $135.10 and a two-hundred day moving average price of $136.99.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $2.22 by ($1.74). The firm had revenue of $555.56 million during the quarter, compared to analyst estimates of $556.80 million. Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. Mid-America Apartment Communities’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 EPS. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. Sell-side analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Adrian Hill purchased 758 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the transaction, the executive vice president owned 48,766 shares in the company, valued at $6,428,821.78. This represents a 1.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amber Fairbanks sold 233 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total value of $31,804.50. Following the completion of the transaction, the executive vice president directly owned 3,799 shares in the company, valued at $518,563.50. This represents a 5.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,079 shares of company stock valued at $838,698 in the last quarter. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently modified their holdings of MAA. EverSource Wealth Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 69.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 914 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 376 shares during the last quarter. Americana Partners LLC acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth about $248,000. Diamond Hill Capital Management Inc. lifted its stake in Mid-America Apartment Communities by 6.0% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 388,936 shares of the real estate investment trust’s stock valued at $54,027,000 after buying an additional 21,866 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Mid-America Apartment Communities by 135.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,585 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 911 shares during the period. Finally, Algebris UK Ltd. boosted its holdings in shares of Mid-America Apartment Communities by 27.5% in the fourth quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after buying an additional 28,528 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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.