07:25 AM EDT, 05/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target price by $4 to $167 using a forward P/FFO of 18.9x versus peer average near 21.5x given MAA has a higher mix of older properties in Sun Belt markets, where new supply is putting pressure on rental absorptions. We increase our FFO estimates in 2025 by $0.05 to $8.85 and 2026's by $0.20 to $9.10 on revenue projections of $2.23B and $2.34B, respectively. Q1 2025 FFO was $2.20 per share, $0.03 above the consensus on total revenue of $549M, in line with estimates. Average physical occupancy was 95.6%, up +30 bps from a year ago. Full-year guidance is average at best compared to multi-family residential REIT peers, in our opinion. Property revenue growth in 2025 is expected to be -0.35% to +1.15%, property operating expense growth +2.45% to +3.95%, and cash NOI growth at -2.15% to -0.15%. Clearly, these metrics have room for improvement. Core FFO per share guide is $8.61 to $8.93 per share.