Morgan Stanley Downgrades Mid America Apartment to Equal-Weight, Cuts Target to $134
The new $134 target is below the firm's prior $147 target, and the stock closed at $118.86 on Nov. 10.
Key points
- Morgan Stanley cut MAA to equal-weight from overweight; target lowered to $134 from $147
- MAA last closed at $118.86 on Nov. 10, after rising 3.4% over the prior 20 sessions
- Of 17 firms covering MAA in the past year, seven were positive, nine neutral, one negative
- Q2 2026 diluted EPS was $1.04, versus $0.92 a year earlier
Morgan Stanley downgraded Mid America Apartment Communities Inc. (NYSE: MAA) to equal-weight from overweight before the open on Wednesday, Nov. 11, and cut its price target to $134 from $147.
Of the 17 firms that rated the stock in the past year, seven rated it positive, nine neutral and one negative before Wednesday. The median price target across those firms was $132, with targets ranging from $123 to $158.
Price and coverage
MAA last closed at $118.86 on Tuesday, Nov. 10. Over the 20 sessions to that close, the stock rose 3.4%. The new $134 target sits above that close and above the median target of $132 held by the firms that covered the stock before Wednesday.
Company scale
Mid America Apartment Communities reported revenue of $2.21 billion for 2025, up 0.8% from a year earlier, and net income of $446.9 million, down 15%. In the quarter ended June 30, 2026, revenue was $555.1 million, up 1.0%, and net income was $121.8 million, up 13%. Diluted earnings per share for that quarter were $1.04, compared with $0.92 a year earlier. Cash and equivalents stood at $51.8 million at June 30.
The firm's new rating places it at neutral, moving it from the positive side of the stock's coverage.
Written with AI from analyst rating changes, SEC filings and market data, and checked against those sources before publishing. Our editorial standards.
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More on MID America Apartment Communities
MAA page →Filings, figures and price history are on the MID America Apartment Communities page.