4 stories mentioning MAAUpdated 34d ago
Every FINWIRES story that references MAA, newest first.
Mid-America Apartment Communities (MAA) shares were down 1.3% in Thursday trading after Scotiabank downgraded the stock to sector underperform from sector perform and lowered the price target to $120 from $138.Trading volume stood at more than 422,700 shares, compared with a daily average of about 943,000.Price: $127.57, Change: $-1.78, Percent Change: -1.37%
Mid-America Apartment Communities (MAA) has an average rating of hold and mean price target of $140.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price by $6 to $119, recognizing weakness in MAA's key rental markets and a forward P/FFO of 14.0x compared to the multifamily residential REIT average at 15.5x. We raise our FFO estimate in 2026 by $0.15 to $8.50 and lower 2027 by $0.10 to $8.70 per share on total rental revenue of $2.2B and $2.3B, respectively. We have a more cautious FFO outlook for 2027 on our view that raising rents on new leases will be challenging, as it has been in 2026. MAA's geographic footprint in mostly Sun Belt markets faces new supply that has put downward pressure on monthly lease rates and sparked the need for incentives on new tenant leases to meet absorption and reduce vacancies. We do not think the U.S. economy and employment trends are likely to be a catalyst for higher monthly rental rates or revenue. Some of MAA's major Sun Belt markets realized cash NOI declines, like Denver (-13% Y/Y) and Austin, TX (-9% Y/Y), with weakness in other local markets. Dividend yield is 4.7%, which we think is secure.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MAA delivered Q1 2026 Core FFO of $2.13, in line with consensus but down from $2.20 in Q1 2025, with total revenue flat Y/Y to $553.7M. Same-store NOI fell 1.3% Y/Y, with expenses outpacing revenue, though blended lease rate improved sequentially to -0.3% from Q4 2025's -1.7%. The trust's Sun Belt footprint continues facing new supply pressures, but absorption is outpacing deliveries. MAA is seeing near-term headwinds, with core FFO per share expected at $8.37-$8.69 (midpoint of $8.53). Management maintained full-year 2026 guidance for same-store NOI growth projected at -1.7% to +0.3%, reflecting continued near-term headwinds with expected sequential improvement. Development pipeline totals 1,788 units under construction with $622.5M in expected costs, while balance sheet positioning remained solid at 4.5x net debt-to-EBITDAre and $839.2M liquidity. We believe the 4.7% dividend yield remains attractive given the trust's 129th consecutive quarterly dividend payment and 71.8% payout ratio against core FFO.
