Mid-America Apartment (NYSE:MAA) Stock, Quote.Headers.trade-ideas

Mid-America Apartment

Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

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Mid-America Apartment (NYSE: MAA) is poised to benefit from its well-diversified Sun Belt-focused portfolio. The prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion.

Solid Demand Boosts Mid-America Apartment Despite Supply Woes

Wealthy Americans Are Opting To Rent Instead Of Buy: 7 Reasons Why Buying A House Is A Lousy Investment According To These 3 Experts

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Price Target

Initiation

INVH

Goldman Sachs analyst initiated coverage of multifamily and single-family rental REITs with Buy ratings and price targets ranging from $46-$318, citing favorable growth environment and strong demand. UDR was the only stock rated Sell with a price target of $42.

Multifamily REITs Set For Revenue Boost As Supply Pressures Ease, Says Goldman Sachs

Politics

Global

iShares FTSE NAREIT Residential PLUS Capped Index Fund

SCHH

Foreign investment in U.S. homes at 15-year low due to low supply, high prices and strong dollar. Fed rate cut could improve market.

Foreigners Don&#39;t Want Your US Home: Sales Drop To 15-Year Lows For International Buyers

Mid-America Apartment Communities, Inc. Common Stock

Mid-America Apartment Communities Inc

MAGINDUSTRIES CORP by Magindustries Corp.

MagIndustries Corp

MARKETING ALLIANCE INC by Marketing Alliance, Inc. (The)

Marketing Alliance Inc

MAANSHAN IRON&STEEL LTD by Maanshan Iron & Steel Ltd.

Maanshan Iron And Steel Co Ltd

M&A RESH INST HLDGS INC by M&A RESH INST HLDGS INC.

M&A Research Institute Holdings Inc

Matas AS

Mid-America Apartment Communities, Inc. 8.50% Series I Cumulative Redeemable Preferred Stock

Mirrored Apple

Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) underwent analysis by 14 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $165.64, a high estimate of $189.00, and a low estimate of $140.00. Marking an increase of 13.57%, the current average surpasses the previous average price target of $145.85. 
<img src="https://www.benzinga.com/files/images/story/2024/1726516811_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Mid-America Apartment by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$174.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>Omotayo Okusanya</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$163.00</td>
<td>$139.00</td>
</tr>
<tr>
<td>Julien Blouin</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$187.00</td>
<td>-</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$165.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$167.00</td>
<td>$156.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$161.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$174.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Joshua Dennerlein</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$189.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$151.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$184.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$140.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$148.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Mid-America Apartment. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Mid-America Apartment compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Mid-America Apartment's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Mid-America Apartment's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MAA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Mid-America Apartment analyst ratings.</a>
<h2>All You Need to Know About Mid-America Apartment</h2>
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.
<h3>Financial Insights: Mid-America Apartment</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Mid-America Apartment displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 2.11%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Mid-America Apartment's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.48%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.67%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Mid-America Apartment's ROA excels beyond industry benchmarks, reaching 0.88%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.78.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Mid-America Apartment's Future

Scotiabank analyst Nicholas Yulico maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Sector Perform and raises the price target from $161 to $174.

Scotiabank Maintains Sector Perform on Mid-America Apartment, Raises Price Target to $174

Mid-America Apartment (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/maa#NYSE">MAA</a>) is poised to benefit from its well-diversified Sun Belt-focused portfolio. The prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion. A healthy balance sheet will support its growth endeavors despite an elevated supply of rental units and a high interest rate environment.
<h2>What&#39;s Aiding MAA?</h2>
Sunbelt-Focused Portfolio: MAA&#39;s portfolio is set to gain from healthy operating fundamentals. The pandemic accelerated employment shifts and population inflow into the company&#39;s markets as renters sought more business-friendly, low-taxed and low-density cities. These favorable long-term secular dynamic trends are increasing the desirability of its markets.
The high pricing of single-family ownership units in a high interest rate environment continues to drive the demand for rental apartments. Amid these positives, MAA is expected to continue maintaining a high level of occupancy in the upcoming period.
Moreover, per a September Update from MAA, both new lease pricing and occupancy for the quarter through Aug. 31 improved from the second quarter of 2024 despite supply pressures.
<img alt="Mid-America Apartment Communities, Inc." src="https://staticx-tuner.zacks.com/images/articles/charts/49/77197.jpg?v=400042492" style="border-style:solid; border-width:1px" />
Image Source: Mid-America Apartment Communities, Inc.
Our projection for average physical occupancy in 2024 is 95.6%. For 2025 and 2026, the average physical occupancy is expected to remain elevated at 95.9% and 96%, respectively. While we anticipate a 1.7% increase in total revenues, the metric will rise 2.9% and 6.1% year over year in 2025 and 2026, respectively.
Redevelopment &amp; Technology Initiatives: MAA continues to implement its three internal investment programs &mdash; interior redevelopment, property repositioning projects and Smart Home installations. These programs are likely to help the company capture the upside potential in rent growth, generate accretive returns and boost earnings from its existing asset base.
In the first half of 2024, MAA redeveloped 2,796 apartment homes. As of June 30, 2024, the total number of units with Smart Home technology reached more than 94,000 across its apartment community portfolio since the initiative&#39;s beginning in the first quarter of 2019. The company expects to complete the remaining few properties in 2024.
Along with the healthy operating fundamentals of the Sunbelt markets and a robust development pipeline, the prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion.
Balance Sheet Strength: MAA enjoys a solid balance sheet, with low leverage and ample availability under its revolving credit facility. As of June 30, 2024, MAA had a strong balance sheet with $1.0 billion of combined cash and available capacity under its unsecured revolving credit facility. It also has a low net debt/adjusted EBITDAre ratio of 3.7.
In the second quarter of 2024, it generated 95.9% unencumbered net operating income (NOI), providing the scope for tapping additional secured debt capital if required. Hence, the company is well-positioned to bank on growth scopes.
In addition, its trailing 12-month return on equity is 8.25% compared with the industry&#39;s average of 3.17%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
Attractive Dividend: Solid dividend payouts are arguably the biggest enticements for REIT shareholders, and MAA remains committed to that. In the last five years, MAA has increased its dividend seven times, and its five-year annualized dividend growth rate is 9.98%. Moreover, it has a lower dividend payout compared with the industry. Further, backed by healthy operating fundamentals, we expect its dividend distribution to be sustainable in the upcoming period.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have risen 17%, outperforming the industry&#39;s growth of 13.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4a/77198.jpg?v=1643274172" />
Image Source: Zacks Investment Research
<h2>What&#39;s Hurting MAA?</h2>
Elevated Supply: The struggle to lure renters will persist as supply volumes are expected to remain elevated in many Sunbelt markets. This phenomenon is expected to put pressure on rent growth in the upcoming period. Furthermore, competition in the residential real estate market with various housing alternatives like manufactured housing, condominiums and the new and existing home markets is concerning. This affects the company&#39;s power to raise rent or increase occupancy as well as leads to aggressive pricing for acquisitions.
High Interest Expenses: A high interest rate environment is a concern for MAA. Elevated rates imply a high borrowing cost for the company, which will affect its ability to purchase or develop real estate. The company has a substantial debt burden, and its total debt as of June 30, 2024 was $4.7 billion. For 2024, our estimate indicates a 17.6% year-over-year increase in the company&#39;s interest expenses.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader REIT sector are Cousins Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuz#NYSE">CUZ</a>) and Essex Property Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ess#NYSE">ESS</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Cousins Properties&#39; current-year FFO per share has been raised marginally over the past two months to $2.66.
The Zacks Consensus Estimate for Essex Property Trust&#39;s current-year FFO per share has moved northward marginally over the past month to $15.53.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2334104/solid-demand-boosts-mid-america-apartment-despite-supply-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2334104">To read this article on Zacks.com click here.</a>

Deutsche Bank analyst Omotayo Okusanya maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Hold and raises the price target from $139 to $163.

Deutsche Bank Maintains Hold on Mid-America Apartment, Raises Price Target to $163

Goldman Sachs analyst Julien Blouin initiated coverage of several multifamily REITs and single-family rental REITs companies.
Initiating with a Buy rating, the analyst kept the price target for Invitation Homes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>) <a target="_blank" href="https://www.benzinga.com/quote/INVH/analyst-ratings" rel="noreferrer noopener">at $46</a>,&nbsp;&nbsp;Mid-America Apartment Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) <a target="_blank" href="https://www.benzinga.com/quote/MAA/analyst-ratings" rel="noreferrer noopener">at $187</a> and American Homes 4 Rent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMH#NYSE">AMH</a>) <a target="_blank" href="https://www.benzinga.com/quote/amh/analyst-ratings" rel="noreferrer noopener">at $48.</a>
The analyst says that for single-family REITs like AMH and INVH, strong demand driven by demographics, home affordability, and migratory trends is expected to lead to re-accelerating same-store revenue growth in 2025 and 2026 as competitive rental supply pressures ease.
In particular, the analyst expects AMH and INVH to experience the highest same-store revenue growth among their covered stocks in 2025. Additionally, Blouin says that AMH&#8217;s upcoming development projects will enable the company to achieve superior external growth.
On the other hand, Blouin started coverage at a Neutral rating on Camden Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>), Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>), and Essex Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), with a price target of <a target="_blank" href="https://www.benzinga.com/quote/cpt/analyst-ratings" rel="noreferrer noopener">$139</a>, <a target="_blank" href="https://www.benzinga.com/quote/eqr/analyst-ratings" rel="noreferrer noopener">$81</a> and <a target="_blank" href="https://www.benzinga.com/quote/ess/analyst-ratings" rel="noreferrer noopener">$318</a>, respectively.
The analyst expects rent growth in ESS's markets to stay strong, driven by improving migration trends in the company's suburban areas (~60% of exposure based on GS estimates, 47% per CoStar).
However, they anticipate that EQR to encounter a significant supply challenge in its urban submarkets.
Apart from this, the analyst initiated coverage on UDR, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>) at a Sell rating, <a target="_blank" href="https://www.benzinga.com/quote/UDR/analyst-ratings" rel="noreferrer noopener">with a price target of $42</a>.
For UDR, Blouin expects solid rent growth for UDR, driven by improving migration in suburban areas (~70% exposure per GS and UDR's estimates, ~50% according to CoStar). This will be partially offset by outmigration from urban areas (~30% of the portfolio).
Also, same-store expense growth is projected to be in the low 4% range, about 100 basis points above consensus, adds the analyst.
Overall, the analyst writes that in residential REIT sector, declining supply is creating a favorable growth environment. For Sunbelt multifamily REITs, while suburban migration is moderating, Blouin anticipates a sharper decline in supply, which will drive accelerating same-store revenue growth.
Image via Shutterstock
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Goldman Sachs analyst Julien Blouin initiates coverage on Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Buy rating and announces Price Target of $187.

Goldman Sachs Initiates Coverage On Mid-America Apartment with Buy Rating, Announces Price Target of $187

Piper Sandler analyst Alexander Goldfarb maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Neutral and raises the price target from $140 to $165.

Piper Sandler Maintains Neutral on Mid-America Apartment, Raises Price Target to $165

Truist Securities analyst Michael Lewis maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Buy and raises the price target from $156 to $167.

Truist Securities Maintains Buy on Mid-America Apartment, Raises Price Target to $167

Across the recent three months, 12 analysts have shared their insights on Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $156.75, a high estimate of $189.00, and a low estimate of $130.00. Marking an increase of 10.89%, the current average surpasses the previous average price target of $141.36. 
<img src="https://www.benzinga.com/files/images/story/2024/1724680854_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Mid-America Apartment among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$161.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$174.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Joshua Dennerlein</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$189.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$151.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$184.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$140.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Robert Stevenson</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Buy</td>
<td>$150.00</td>
<td>-</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$138.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$130.00</td>
<td>$126.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Mid-America Apartment. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Mid-America Apartment compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Mid-America Apartment's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Mid-America Apartment's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MAA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Mid-America Apartment analyst ratings.</a>
<h2>All You Need to Know About Mid-America Apartment</h2>
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.
<h3>Breaking Down Mid-America Apartment's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Mid-America Apartment displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 2.11%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Mid-America Apartment's net margin is impressive, surpassing industry averages. With a net margin of 18.48%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Mid-America Apartment's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.67%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Mid-America Apartment's ROA excels beyond industry benchmarks, reaching 0.88%. This signifies efficient management of assets and strong financial health.
Debt Management: Mid-America Apartment's debt-to-equity ratio is below the industry average. With a ratio of 0.78, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Mid-America Apartment: Insights From 12 Analyst Reviews

Scotiabank analyst Nicholas Yulico maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Sector Perform and raises the price target from $151 to $161.

Scotiabank Maintains Sector Perform on Mid-America Apartment, Raises Price Target to $161

Wells Fargo analyst James Feldman upgrades Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) from Equal-Weight to Overweight and raises the price target from $138 to $174.

Upgrades

Wells Fargo Upgrades Mid-America Apartment to Overweight, Raises Price Target to $174

B of A Securities analyst Joshua Dennerlein upgrades Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) from Underperform to Buy and raises the price target from $144 to $189.

B of A Securities Upgrades Mid-America Apartment to Buy, Raises Price Target to $189

Scotiabank analyst Nicholas Yulico maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Sector Perform and raises the price target from $144 to $151.

Scotiabank Maintains Sector Perform on Mid-America Apartment, Raises Price Target to $151

During the last three months, 11 analysts shared their evaluations of Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $147.23, a high estimate of $184.00, and a low estimate of $130.00. Surpassing the previous average price target of $137.25, the current average has increased by 7.27%.
<img src="https://www.benzinga.com/files/images/story/2024/1722884421_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Mid-America Apartment is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$184.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$140.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Robert Stevenson</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Buy</td>
<td>$150.00</td>
<td>-</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$138.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$130.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Adam Kramer</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$138.50</td>
<td>$129.50</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$144.00</td>
<td>$139.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$131.00</td>
<td>$126.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Mid-America Apartment. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Mid-America Apartment compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Mid-America Apartment's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Mid-America Apartment's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MAA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Mid-America Apartment analyst ratings.</a>
<h2>Unveiling the Story Behind Mid-America Apartment</h2>
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.
<h3>Mid-America Apartment: Financial Performance Dissected</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Mid-America Apartment showcased positive performance, achieving a revenue growth rate of 2.11% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Mid-America Apartment's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.48%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Mid-America Apartment's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.67%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Mid-America Apartment's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.88% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Mid-America Apartment's debt-to-equity ratio is below the industry average at 0.78, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Mid-America Apartment

Wedbush analyst Richard Anderson maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Outperform and raises the price target from $154 to $184.

Wedbush Maintains Outperform on Mid-America Apartment, Raises Price Target to $184

RBC Capital analyst Brad Heffern maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Sector Perform and raises the price target from $145 to $148.

RBC Capital Maintains Sector Perform on Mid-America Apartment, Raises Price Target to $148

JMP Securities analyst Aaron Hecht maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Market Outperform and raises the price target from $145 to $160.

JMP Securities Maintains Market Outperform on Mid-America Apartment, Raises Price Target to $160

Guidance

Mid-America Apartment Sees 2024 Core AFFO $7.78-$8.06

Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) reported quarterly earnings of $2.22 per share which beat the analyst consensus estimate of $2.20 by 0.91 percent. The company reported quarterly sales of $546.435 million which beat the analyst consensus estimate of $545.408 million by 0.19 percent. This is a 2.11 percent increase over sales of $535.146 million the same period last year.

Earnings Beats

Mid-America Apartment Q2 2024 FFO $2.22 Beats $2.20 Estimate, Sales $546.435M Beat $545.408M Estimate

UBS analyst Michael Goldsmith maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Sell and raises the price target from $131 to $140.

UBS Maintains Sell on Mid-America Apartment, Raises Price Target to $140

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Interest Rate-Driven Rally Leaves Mid-America Apartments Less Attractive (Downgrade)

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