Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $155.00 at Barclays

Mid-America Apartment Communities (NYSE:MAAFree Report) had its target price reduced by Barclays from $156.00 to $155.00 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other equities research analysts have also commented on MAA. BNP Paribas Exane lowered Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday. Raymond James Financial lowered Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 24th. Morgan Stanley cut their price objective on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Royal Bank Of Canada cut their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and a consensus price target of $162.47.

View Our Latest Analysis on MAA

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock opened at $139.71 on Tuesday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities has a twelve month low of $137.32 and a twelve month high of $173.38. The business has a 50-day moving average price of $142.75 and a 200 day moving average price of $151.29. The firm has a market cap of $16.36 billion, a PE ratio of 28.75, a P/E/G ratio of 3.71 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the previous year, the business earned $2.22 EPS. Mid-America Apartment Communities’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. Sell-side analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, October 15th. Mid-America Apartment Communities’s payout ratio is currently 124.69%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new position in Mid-America Apartment Communities in the second quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Mid-America Apartment Communities in the second quarter valued at approximately $26,000. Larson Financial Group LLC lifted its holdings in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 91 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

(Get Free Report)

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.

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