Fintel reports that on January 24, 2025, Evercore ISI Group initiated coverage of Mid-America Apartment Communities (NYSE:MAA) with a In-Line recommendation.
Analyst Price Forecast Suggests 13.90% Upside
As of December 23, 2024, the average one-year price target for Mid-America Apartment Communities is $167.32/share. The forecasts range from a low of $125.24 to a high of $196.35. The average price target represents an increase of 13.90% from its latest reported closing price of $146.90 / share.
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The projected annual revenue for Mid-America Apartment Communities is 2,401MM, an increase of 9.96%. The projected annual non-GAAP EPS is 5.67.
What is the Fund Sentiment?
There are 1,418 funds or institutions reporting positions in Mid-America Apartment Communities. This is an increase of 41 owner(s) or 2.98% in the last quarter. Average portfolio weight of all funds dedicated to MAA is 0.33%, an increase of 3.22%. Total shares owned by institutions increased in the last three months by 0.46% to 123,722K shares. 
The put/call ratio of MAA is 0.63, indicating a bullish outlook.
What are Other Shareholders Doing?
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 4,602K shares representing 3.94% ownership of the company. In its prior filing, the firm reported owning 4,675K shares , representing a decrease of 1.59%. The firm increased its portfolio allocation in MAA by 3.09% over the last quarter.
Capital World Investors holds 4,549K shares representing 3.89% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,704K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 3,698K shares , representing an increase of 0.17%. The firm increased its portfolio allocation in MAA by 4.83% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 3,237K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Geode Capital Management holds 3,141K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 3,093K shares , representing an increase of 1.53%. The firm decreased its portfolio allocation in MAA by 45.34% over the last quarter.
Mid-America Apartment Communities Background Information
(This description is provided by the company.)
MAA is a self-administered real estate investment trust and member of the S&P 500. MAA owns and manages apartment communities throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. and is focused on delivering strong, full-cycle investment performance for shareholders.
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