Barclays analyst Richard Hightower has revised the price target for MAA (ticker: MAA), a key player in the residential real estate investment trust sector. The new target is set at $160, down from the previous $163, reflecting adjustments ahead of the firm's first-quarter performance review.
The decision to lower the target stems from an increasingly challenging economic outlook, prompting Barclays to reduce its estimates for funds from operations across the board. Despite these adjustments, Hightower maintains an Equal Weight rating for MAA, indicating a neutral stance on the stock's performance in the current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for Mid-America Apartment Communities Inc (MAA, Financial) is $168.54 with a high estimate of $187.00 and a low estimate of $149.00. The average target implies an upside of 8.83% from the current price of $154.87. More detailed estimate data can be found on the Mid-America Apartment Communities Inc (MAA) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Mid-America Apartment Communities Inc's (MAA, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Mid-America Apartment Communities Inc (MAA, Financial) in one year is $163.32, suggesting a upside of 5.46% from the current price of $154.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Mid-America Apartment Communities Inc (MAA) Summary page.
