Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives Consensus Rating of “Hold” from Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA) has received a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $154.8889.

A number of brokerages recently weighed in on MAA. BNP Paribas Exane cut shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Scotiabank cut their target price on shares of Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating for the company in a research note on Tuesday, November 4th. Barclays lowered their price objective on Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Morgan Stanley reduced their target price on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. purchased 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, for a total transaction of $74,770.08. Following the completion of the acquisition, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This trade represents a 0.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Mid-America Apartment Communities

Several large investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in Mid-America Apartment Communities in the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter worth $26,000. Tobam acquired a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $26,000. Financial Network Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities in the 1st quarter valued at $29,000. Finally, Sound Income Strategies LLC increased 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 in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Up 1.3%

Shares of Mid-America Apartment Communities stock opened at $135.10 on Wednesday. The firm has a market cap of $15.82 billion, a PE ratio of 28.62, a P/E/G ratio of 3.38 and a beta of 0.78. 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 fifty-two week low of $125.75 and a fifty-two week high of $173.38. The business’s fifty day moving average is $133.78 and its two-hundred day moving average is $143.28.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 earnings per share. 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. Analysts anticipate that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a $1.515 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 128.39%.

Mid-America Apartment Communities Company Profile

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.