Mid-America Apartment Communities (NYSE:MAA) Reaches New 12-Month Low on Analyst Downgrade

Mid-America Apartment Communities, Inc. (NYSE:MAA) hit a new 52-week low during trading on Tuesday after Evercore ISI lowered their price target on the stock from $154.00 to $153.00. Evercore ISI currently has an in-line rating on the stock. Mid-America Apartment Communities traded as low as $133.24 and last traded at $134.03, with a volume of 139740 shares. The stock had previously closed at $134.54.

Several other brokerages have also issued reports on MAA. Royal Bank Of Canada reduced their price target on Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Cantor Fitzgerald assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 target price for the company. Morgan Stanley dropped their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Raymond James Financial downgraded shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 24th. Finally, BNP Paribas cut shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $161.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MAA. Elevation Point Wealth Partners LLC acquired a new position in Mid-America Apartment Communities during the 2nd quarter worth $25,000. Financial Network Wealth Advisors LLC bought a new position in shares of Mid-America Apartment Communities in the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities in the second quarter worth about $26,000. Larson Financial Group LLC lifted its position in shares of Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 91 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Mid-America Apartment Communities by 972.2% during the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 175 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

The stock has a market cap of $15.67 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The stock has a fifty day simple moving average of $140.48 and a 200-day simple moving average of $149.37. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last announced 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 business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same quarter last year, the company posted $2.22 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up .6% on a year-over-year basis. 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a $1.515 dividend. The ex-dividend date is Wednesday, October 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio is 124.69%.

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.