Mid-America Apartment Communities (NYSE:MAA) Lowered to “Underperform” Rating by BNP Paribas Exane

BNP Paribas Exane downgraded shares of Mid-America Apartment Communities (NYSE:MAA) from a neutral rating to an underperform rating in a research note published on Monday morning, Marketbeat reports.

MAA has been the topic of a number of other reports. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Royal Bank Of Canada decreased their price target on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. KeyCorp lowered their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Morgan Stanley cut their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Finally, Raymond James Financial lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $162.53.

Mid-America Apartment Communities Stock Down 0.8%

Shares of MAA opened at $138.51 on Monday. The firm has a market cap of $16.22 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. Mid-America Apartment Communities has a 52 week low of $137.32 and a 52 week high of $173.38. The firm’s 50-day simple moving average is $143.03 and its 200 day simple moving average is $151.37.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same period last year, the business posted $2.22 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. On average, analysts forecast that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be given a dividend of $1.515 per share. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.4%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 124.69%.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAA. Norges Bank bought a new position in Mid-America Apartment Communities in the 2nd quarter valued at approximately $795,893,000. Nuveen LLC bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth $150,966,000. Daiwa Securities Group Inc. increased its holdings in shares of Mid-America Apartment Communities by 461.9% during the second quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock worth $106,777,000 after buying an additional 593,020 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Mid-America Apartment Communities by 22,463.1% during the first quarter. GAMMA Investing LLC now owns 581,000 shares of the real estate investment trust’s stock worth $97,364,000 after buying an additional 578,425 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Mid-America Apartment Communities by 38.3% in the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock valued at $284,188,000 after acquiring an additional 469,806 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

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.