Barclays lowered the firm’s price target on MAA to $145 from $181 and keeps an Overweight rating on the shares. Due to high supply growth and inflationary cost pressures, the earnings growth outlook for apartment real estate investment trusts is “generally soft,” the analyst tells investors in a research note. Given this, the firm is cautious on the space relative to other residential subsectors.
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Read More on MAA:
- Mid-America Apartment REIT Updates Tax Guidelines
- Bad News for Mid-america Apartment Communities Stock: This New Risk Has Been Added
- MAA price target lowered to $145 from $150 at JMP Securities
- Mid-America Apartment Communities Reveals Lease Pricing Data
- MAA sees Q1 core FFO $2.12-$2.28, consensus $2.29