Analyst John Kim of BMO Capital maintained a Hold rating on Mid-America Apartment, retaining the price target of $153.00.
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John Kim has given his Hold rating due to a combination of factors impacting Mid-America Apartment’s performance. The company’s core funds from operations per share (FFOps) for the second quarter of 2025 met expectations, and the guidance for the year remained above consensus, despite a slower than anticipated recovery in lease rates. This stability in guidance, despite challenges, reflects positively on the company’s management and operational strategies.
However, there are some concerns that justify the Hold rating. The same-store revenue guidance was reduced, and the second quarter saw a slight decline in revenue. Additionally, the initial guidance for the third quarter’s core FFOps was set below market expectations. Furthermore, the number of markets experiencing positive same-store revenue growth decreased, indicating potential challenges in revenue generation. These mixed signals suggest a cautious approach, supporting the Hold recommendation.
According to TipRanks, Kim is an analyst with an average return of -0.2% and a 45.11% success rate. Kim covers the Real Estate sector, focusing on stocks such as Sun Communities, AvalonBay, and Boston Properties.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $161.00 price target.