Morgan Stanley Lowers Price Target on Mid-America Apartment Communities (MAA), Keeps Overweight Rating

Mid-America Apartment Communities, Inc. (NYSE:MAA) is included among the Dividend Capture Strategy: 14 High Yield Stocks to Buy in April.

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On March 26, Morgan Stanley analyst Adam Kramer lowered the firm’s price recommendation on Mid-America Apartment Communities, Inc. (NYSE:MAA) to $153.50 from $156. It reiterated an Overweight rating on the shares.  The firm said it turned more positive on apartments last year and continues to favor a “regional barbell approach” focused on the Sun Belt and Coastal markets.

Earlier, on March 10, Truist analyst Michael Lewis lowered his price objective on MAA to $142 from $146 and kept a Buy rating. He pointed out that national job growth has come in weaker than expected compared to just a few months ago. That trend is expected to weigh on near-term apartment revenue growth. At the same time, the firm still expects fundamentals in MAA’s markets to improve gradually as the pace of new supply slows.

Mid-America Apartment Communities, Inc. (NYSE:MAA) operates as a multifamily real estate investment trust. The company owns, operates, acquires, and selectively develops apartment communities, mainly across the Southeast, Southwest, and Mid-Atlantic regions of the United States. Its operations are organized into Same Store, Non-Same Store, and Other segments.

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