Mid-America Apartment Communities (MAA) Gets Price Target Cuts from Barclays and BTIG

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Barclays and BTIG have both lowered their price targets for Mid-America Apartment Communities (MAA), citing challenges in the residential real estate investment trust sector and a longer-than-expected impact from the supply curve. Barclays reduced its price recommendation to $138 from $144 while maintaining an Equal Weight rating, and BTIG lowered its target to $150 from $160 but reiterated a Buy rating. Analysts suggest that while effective rent growth is improving, new lease pricing remains weak, with same-store net operating income expected to bottom in Q1.

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