Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $157.00 at Wells Fargo & Company

Mid-America Apartment Communities (NYSE:MAA) had its target price lifted by Wells Fargo & Company from $156.00 to $157.00 in a research note published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

MAA has been the subject of several other research reports. Barclays dropped their price target on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. BNP Paribas Exane lowered Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th. Evercore ISI dropped their price target on Mid-America Apartment Communities from $154.00 to $153.00 and set an “in-line” rating for the company in a research report on Monday. Finally, Scotiabank dropped their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $161.78.

Mid-America Apartment Communities Trading Down 0.0%

Shares of Mid-America Apartment Communities stock opened at $134.49 on Monday. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.60 and a beta of 0.77. Mid-America Apartment Communities has a twelve month low of $133.28 and a twelve month high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $140.64 and a 200-day moving average price of $149.48.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $2.14 by $0.01. The company 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 firm’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $2.22 earnings per share. 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. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.69%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Elevation Point Wealth Partners LLC bought a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $26,000. Larson Financial Group LLC raised its stake in shares of Mid-America Apartment Communities by 107.1% during 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 in the last quarter. Financial Network Wealth Advisors LLC bought a new stake in shares of Mid-America Apartment Communities during the first quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC raised its stake in shares of Mid-America Apartment Communities by 972.2% during 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 in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

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.