Mid-America Apartment (MAA – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Barry Oxford from Colliers Securities reiterated a Buy rating on the stock and has a $167.00 price target.
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Barry Oxford’s rating is based on Mid-America Apartment’s strategic focus on quality apartment communities and its strong presence in key regions such as the Southeast, Southwest, and Mid-Atlantic. Despite a slight dip in revenue growth and rent per unit in the fourth quarter, MAA maintained a low resident turnover rate, which is advantageous given the high single-family home prices.
Additionally, MAA’s occupancy rates improved slightly, and the company experienced positive trends in lease pricing, indicating a potential recovery in the latter half of the year. The company’s guidance for 2025 suggests stable financial performance, with expectations of core FFO per share ranging between $8.61 and $8.93. Recent acquisitions and developments further strengthen MAA’s portfolio, contributing to Oxford’s optimistic outlook on the stock.
According to TipRanks, Oxford is a 3-star analyst with an average return of 2.4% and a 58.61% success rate. Oxford covers the Real Estate sector, focusing on stocks such as Mid-America Apartment, Strawberry Fields REIT Inc, and AvalonBay.