Mid-America Apartment Communities (NYSE:MAA) Price Target Cut to $146.00 by Analysts at Mizuho

Mid-America Apartment Communities (NYSE:MAA) had its target price cut by Mizuho from $150.00 to $146.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on the company. Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective for the company. Scotiabank lowered their price target on Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Evercore ISI reduced their price target on shares of Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $156.00.

Mid-America Apartment Communities Stock Down 0.2%

MAA opened at $133.28 on Monday. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.38 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 twelve month low of $125.75 and a twelve month high of $173.38. The firm’s 50-day simple moving average is $133.87 and its 200-day simple moving average is $143.47.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. During the same quarter last year, the company earned $2.21 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 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 business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $1.515 dividend. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.5%. Mid-America Apartment Communities’s payout ratio is presently 128.39%.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. acquired 578 shares of Mid-America Apartment Communities stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $129.36 per share, with a total value of $74,770.08. Following the completion of the acquisition, the chief executive officer owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Allworth Financial LP grew its position in Mid-America Apartment Communities by 33.1% during the second quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock worth $4,457,000 after buying an additional 7,481 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Mid-America Apartment Communities during the 2nd quarter valued at about $5,156,000. SG Americas Securities LLC boosted its position in Mid-America Apartment Communities by 1,704.4% during the 2nd quarter. SG Americas Securities LLC now owns 112,398 shares of the real estate investment trust’s stock valued at $16,636,000 after buying an additional 106,169 shares during the period. Barings LLC bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $2,268,000. Finally, Nordea Investment Management AB boosted its stake in shares of Mid-America Apartment Communities by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 10,161 shares of the real estate investment trust’s stock valued at $1,494,000 after purchasing an additional 790 shares in the last quarter. 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.