Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $138.00 at Scotiabank

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Scotiabank lowered its price target for Mid-America Apartment Communities (NYSE:MAA) from $140.00 to $138.00, maintaining a “sector perform” rating. This adjustment follows MAA’s significant quarterly EPS miss of $0.48 against estimates of $2.22, though revenue was in line at roughly $555.6 million. Despite some analysts boosting price targets, the consensus rating remains “Hold” with a target price of $150.05, and company insiders have recently sold shares.

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