Zacks Research Has Bullish Forecast for MAA Q1 Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Equities researchers at Zacks Research upped their Q1 2027 earnings estimates for shares of Mid-America Apartment Communities in a report issued on Wednesday, May 21st. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $2.35 for the quarter, up from their previous estimate of $2.34. The consensus estimate for Mid-America Apartment Communities’ current full-year earnings is $8.84 per share.

Other equities analysts also recently issued reports about the stock. Truist Financial cut their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. Raymond James downgraded shares of Mid-America Apartment Communities from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $185.00 to $175.00 in a report on Thursday, May 15th. Scotiabank lifted their price objective on shares of Mid-America Apartment Communities from $182.00 to $194.00 and gave the stock a “sector outperform” rating in a report on Monday, May 12th. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Finally, Evercore ISI lifted their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $169.50.

Mid-America Apartment Communities Price Performance

MAA opened at $152.73 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 3.72 and a beta of 0.80. The firm’s fifty day moving average price is $159.91 and its two-hundred day moving average price is $158.30. Mid-America Apartment Communities has a 1 year low of $126.77 and a 1 year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The business had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. During the same quarter last year, the firm posted $2.22 EPS. Mid-America Apartment Communities’s revenue was up 1.0% compared to the same quarter last year.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors increased its position in shares of Mid-America Apartment Communities by 45.9% during the fourth quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust’s stock valued at $1,025,868,000 after buying an additional 2,088,143 shares during the period. Norges Bank bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at about $826,562,000. JPMorgan Chase & Co. increased its position in shares of Mid-America Apartment Communities by 26.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust’s stock valued at $517,015,000 after buying an additional 708,125 shares during the period. Geode Capital Management LLC increased its position in shares of Mid-America Apartment Communities by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,193,188 shares of the real estate investment trust’s stock valued at $492,421,000 after buying an additional 52,050 shares during the period. Finally, APG Asset Management US Inc. increased its position in shares of Mid-America Apartment Communities by 9.7% during the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock valued at $514,081,000 after buying an additional 271,507 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Insider Activity at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the sale, the chief executive officer now directly owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Amber Fairbanks sold 173 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $166.85, for a total value of $28,865.05. Following the sale, the executive vice president now owns 3,012 shares in the company, valued at approximately $502,552.20. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,313 shares of company stock worth $1,171,707. Company insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 126.25%.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.