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

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have received a consensus recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $154.8947.

MAA has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 15th. Barclays cut their price target on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Scotiabank cut shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $146.00 to $142.00 in a report on Friday, December 5th. Finally, Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 target price on the stock.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $134.32 on Friday. Mid-America Apartment Communities has a fifty-two week low of $125.75 and a fifty-two week high of $173.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. The company has a 50 day moving average price of $132.17 and a 200 day moving average price of $140.41. The stock has a market capitalization of $15.73 billion, a P/E ratio of 28.46, a PEG ratio of 3.82 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last announced its 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). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The firm had revenue of $554.37 million during the quarter, compared to analysts’ expectations of $557.22 million. During the same period in the previous year, the firm earned $2.21 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. Equities research analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $1.53 dividend. The ex-dividend date is Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. Mid-America Apartment Communities’s payout ratio is 128.39%.

Insiders Place Their Bets

In related news, EVP Adrian Hill bought 758 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $131.83 per share, with a total value of $99,927.14. Following the purchase, the executive vice president directly owned 48,766 shares of the company’s stock, valued at $6,428,821.78. This trade represents a 1.58% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO H Eric Bolton, Jr. purchased 578 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the acquisition, the chief executive officer owned 320,391 shares in the company, valued at $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of Mid-America Apartment Communities by 150.2% in the 1st quarter. Wellington Management Group LLP now owns 235,551 shares of the real estate investment trust’s stock valued at $39,474,000 after purchasing an additional 141,398 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Mid-America Apartment Communities by 2.8% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,400 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 91 shares during the last quarter. Credit Agricole S A boosted its holdings in shares of Mid-America Apartment Communities by 4.6% in the first quarter. Credit Agricole S A now owns 32,659 shares of the real estate investment trust’s stock valued at $5,473,000 after acquiring an additional 1,450 shares during the period. Norinchukin Bank The grew its position in shares of Mid-America Apartment Communities by 9.3% during the first quarter. Norinchukin Bank The now owns 11,120 shares of the real estate investment trust’s stock worth $1,863,000 after acquiring an additional 947 shares during the last quarter. Finally, Allstate Corp increased its holdings in shares of Mid-America Apartment Communities by 15.3% in the 1st quarter. Allstate Corp now owns 4,111 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.