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Investing.com - Mizuho upgraded Mid-America Apartment Communities (NYSE:MAA) from Neutral to Outperform on Thursday, while lowering its price target to $150.00 from $161.00. The stock, currently trading near its 52-week low of $137.32, has a market capitalization of $16.36 billion.
The upgrade comes as Mizuho expects accelerating blended rents in the second half of 2025 and accelerating core and FFO per share growth extending into 2026.
Mizuho cited falling supply across MAA’s core markets as a key factor in its decision, noting this trend suggests less operating risk and supports rent improvement for the apartment real estate investment trust.
The firm also highlighted MAA’s underleveraged balance sheet, which it believes will support external growth and further capital deployment opportunities.
Mizuho’s analysis concluded that Mid-America Apartment Communities offers attractive valuation on both absolute and relative bases compared to peers, historical levels, and private market valuations.
In other recent news, Mid-America Apartment Communities reported its Q2 2025 earnings, with an earnings per share (EPS) of $0.92, surpassing analyst expectations of $0.88 by 4.55%. However, the company’s revenue came in slightly below forecasts, reaching $549.9 million compared to the anticipated $551.49 million. Despite the EPS beat, the mixed results did not prevent a decline in the stock price during after-hours trading. Additionally, KeyBanc has adjusted its price target for Mid-America Apartment Communities to $170.00 from $180.00, while maintaining an Overweight rating. This adjustment reflects expectations for a more gradual recovery in Sunbelt apartment fundamentals during the second half of 2025. These recent developments highlight the ongoing challenges and expectations facing the company.
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