Mid-America Apartment Communities: Scotiabank maintains Sector Outperform, PT lowered to $170.

Mid-America Apartment Communities: Scotiabank maintains Sector Outperform, PT lowered to $170.

Scotiabank has adjusted its price target on Mid-America Apartment Communities, Inc. (NYSE: MAA) to $170 from $180, while maintaining its sector outperform rating. This move follows a series of recent updates from various analysts who have revised their price targets and ratings for the real estate investment trust (REIT).

The latest update from Scotiabank comes on the heels of several other significant changes in analyst ratings and price targets. For instance, Mizuho upgraded MAA to an outperform rating from neutral, adjusting the price target to $150 from $161. Similarly, KeyBanc Capital adjusted its price target to $170 from $180, maintaining an overweight rating. Morgan Stanley also lowered its price target to $169 from $177 while keeping the overweight rating. These adjustments reflect a general trend of analysts reassessing the valuation of MAA.

Mid-America Apartment Communities reported its second-quarter earnings on July 30, 2025, with earnings per share (EPS) of $2.15, slightly exceeding analysts' expectations. The company also revised its full-year earnings guidance, which may have influenced the recent changes in analyst ratings and price targets. The company's strong rental demand and recent core AFFO estimates suggest robust fundamentals, which could support the sector outperform rating maintained by Scotiabank.

The stock performance of MAA has been influenced by various factors, including changes in analyst ratings and price targets. As of July 2, 2025, MAA has an average rating of "Hold" and an average target price of $166.95, according to data from MarketBeat. The company's market cap stands at $16.45 billion, with a price-to-earnings ratio of 28.91 and a beta of 0.75.

Institutional investors have shown interest in MAA, with several large investors buying and selling shares recently. This includes Caitong International Asset Management Co. Ltd., Larson Financial Group LLC, Financial Network Wealth Advisors LLC, Sound Income Strategies LLC, and AlphaQuest LLC. These institutional investors collectively own 93.60% of the company's stock.

Despite the recent changes in analyst ratings and price targets, Mid-America Apartment Communities continues to operate in a competitive real estate market. The company's focus on apartment communities, both same-store and non-same-store, positions it well within the industry. The sector outperform rating from Scotiabank, coupled with the company's strong fundamentals, suggests that MAA remains a key player in the REIT market.

References:
[1] https://www.marketscreener.com/news/scotiabank-adjusts-pt-on-mid-america-apartment-communities-to-170-from-180-maintains-sector-outpe-ce7c51d9d989ff20
[2] https://www.marketbeat.com/instant-alerts/mid-america-apartment-communities-nysemaa-upgraded-by-wall-street-zen-to-hold-rating-2025-08-10/