Wells Fargo Sees Solid Outlook for MAA Despite Price Target Cut

Mid-America Apartment Communities, Inc. (NYSE:MAA) is included among the 15 Blue Chip Dividend Stocks to Build a Passive Income Porfolio.

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Wells Fargo reduced its price target on Mid-America Apartment Communities, Inc. (NYSE:MAA) to $150 from $157 on November 26, but maintained an Overweight rating. The firm attributed this revision to the solid operating conditions highlighted in the REIT sector, considering the broader economic and labor-market concerns.

Mid-America Apartment Communities, Inc. (NYSE:MAA) is actively working on expanding its portfolio. In the third quarter of 2025, the company announced the purchase of a newly-built, sully stabilized 318-unit apartment community in the Kansas City area. In addition, it unveiled plans for a new development in Scottsdale, Arizona, which is set to begin in the fourth quarter. With these developments, MAA now controls 15 development sites, approved for over 4,200 units. The company also intends to break ground on six to eight of them over the next six quarters.

Mid-America Apartment Communities, Inc. (NYSE:MAA) is on a solid financial footing, which helps it to keep growing its apartment portfolio. By late 2025, the company had nearly $1 billion worth of projects in the pipeline. These investments are expected to fuel the FFO per-share growth in the years ahead, setting the stage for continued dividend increases. The company already holds a 15-year streak of dividend growth.

Mid-America Apartment Communities, Inc. (NYSE:MAA) is a residential REIT that is focused on apartment properties.

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