Mid-America Apartment Communities (MAA) Gets Price Target Cuts from Barclays and BTIG

Mid-America Apartment Communities, Inc. (NYSE:MAA) is included among the 13 Best REIT Dividend Stocks to Invest in.

Mid-America Apartment Communities (MAA) Gets Price Target Cuts from Barclays and BTIG Top 100 Places Where the Rich People Own Real Estate

On March 6, Barclays analyst Richard Hightower lowered the firm’s price recommendation on Mid-America Apartment Communities, Inc. (NYSE:MAA) to $138 from $144. The firm kept an Equal Weight rating on the shares. The firm said it reduced estimates across the residential real estate investment trust sector.

On March 3, BTIG also lowered its price objective on MAA to $150 from $160. The firm reiterated a Buy rating on the shares. In a research note, the analyst said the impact of the supply curve is lasting longer than expected. The analyst added that the company’s same-store net operating income is likely to bottom in the first quarter, if it has not already. Effective rent growth is moving in the right direction, even as new lease pricing remains stubbornly weak.

Mid-America Apartment Communities, Inc. (NYSE:MAA) is a multifamily-focused, self-administered and self-managed real estate investment trust. The company owns, operates, acquires, and selectively develops apartment communities primarily located in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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