Mid-America Apartment Communities (NYSE:MAA) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $150.00 target price on the real estate investment trust’s stock.

Several other research firms also recently weighed in on MAA. Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. BNP Paribas downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday. BNP Paribas Exane downgraded Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday. KeyCorp cut their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Finally, UBS Group cut their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a research note on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Stock Down 1.1%

Shares of NYSE:MAA opened at $138.13 on Wednesday. Mid-America Apartment Communities has a 52-week low of $137.32 and a 52-week high of $173.38. The firm has a market capitalization of $16.17 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.74 and a beta of 0.78. The stock has a 50 day moving average price of $142.46 and a 200-day moving average price of $151.20. 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 (NYSE:MAA) last announced its earnings results 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. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.22 EPS. 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. As a group, equities research analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $1.515 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 124.69%.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farmers Trust Co. boosted its stake in shares of Mid-America Apartment Communities by 1.0% in the 3rd quarter. Farmers Trust Co. now owns 26,757 shares of the real estate investment trust’s stock worth $3,739,000 after buying an additional 258 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Mid-America Apartment Communities by 142.5% in the 2nd quarter. Corient Private Wealth LLC now owns 24,974 shares of the real estate investment trust’s stock worth $3,696,000 after purchasing an additional 14,674 shares during the period. Valeo Financial Advisors LLC bought a new position in Mid-America Apartment Communities in the 2nd quarter worth $219,000. Osaic Holdings Inc. raised its holdings in Mid-America Apartment Communities by 72.5% in the 2nd quarter. Osaic Holdings Inc. now owns 10,494 shares of the real estate investment trust’s stock worth $1,575,000 after purchasing an additional 4,410 shares during the period. Finally, Orion Porfolio Solutions LLC raised its holdings in Mid-America Apartment Communities by 34.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 35,018 shares of the real estate investment trust’s stock worth $5,183,000 after purchasing an additional 8,932 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

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.