UBS Group Issues Positive Forecast for Mid-America Apartment Communities (NYSE:MAA) Stock Price

Mid-America Apartment Communities (NYSE:MAA) had its price target upped by UBS Group from $132.00 to $134.00 in a research report report published on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on MAA. Truist Financial dropped their price objective on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Piper Sandler lowered their price target on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Cantor Fitzgerald started coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price objective for the company. BNP Paribas Exane cut shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company lowered their target price on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and an average target price of $155.00.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $138.57 on Thursday. The stock has a market cap of $16.22 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 3.84 and a beta of 0.78. Mid-America Apartment Communities has a 1 year low of $125.75 and a 1 year high of $173.38. The firm has a fifty day moving average price of $133.74 and a 200-day moving average price of $139.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share 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 for the quarter, compared to analysts’ expectations of $557.22 million. During the same quarter last year, the firm posted $2.21 EPS. The firm’s quarterly revenue 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 analysts anticipate that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend 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 yield of 4.4%. Mid-America Apartment Communities’s payout ratio is 128.39%.

Insiders Place Their Bets

In other news, EVP Robert J. Delpriore sold 5,426 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total transaction of $750,035.98. Following the transaction, the executive vice president owned 49,745 shares of the company’s stock, valued at approximately $6,876,251.35. This represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO H Eric Bolton, Jr. purchased 578 shares of Mid-America Apartment Communities stock in a transaction dated Friday, October 31st. The stock was acquired at an average price 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 approximately $41,445,779.76. This trade represents a 0.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 6,079 shares of company stock worth $838,698 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Mid-America Apartment Communities

Institutional investors and hedge funds have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at about $26,000. Tobam purchased a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $26,000. Sound Income Strategies LLC grew its stake in Mid-America Apartment Communities by 972.2% in the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 175 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $36,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company Profile

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.