Citigroup Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $148.00

Mid-America Apartment Communities (NYSE:MAA) had its price target lowered by Citigroup from $155.00 to $148.00 in a report released on Friday,Benzinga reports. Citigroup currently has a neutral rating on the real estate investment trust’s stock.

MAA has been the topic of a number of other reports. Colliers Securities downgraded Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. Mizuho increased their target price on Mid-America Apartment Communities from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Cantor Fitzgerald boosted their price target on Mid-America Apartment Communities from $137.00 to $141.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Royal Bank Of Canada lowered their price objective on shares of Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating on the stock in a research note on Friday, February 6th. Finally, UBS Group raised their price objective on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $153.55.

Mid-America Apartment Communities Price Performance

MAA opened at $135.56 on Friday. The company’s 50-day simple moving average is $135.21 and its two-hundred day simple moving average is $136.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $15.85 billion, a P/E ratio of 35.86, a P/E/G ratio of 2.24 and a beta of 0.79. Mid-America Apartment Communities has a 52-week low of $125.75 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The company had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. During the same period in the previous year, the firm earned $2.23 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. As a group, analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a $1.53 dividend. The ex-dividend date was Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 161.90%.

Insider Transactions at Mid-America Apartment Communities

In other news, EVP Adrian Hill bought 758 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the purchase, the executive vice president owned 48,766 shares in the company, valued at $6,428,821.78. This represents a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the sale, the executive vice president owned 49,745 shares of the company’s stock, valued at $6,876,251.35. The trade was a 9.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,079 shares of company stock valued at $838,698 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. grew its holdings in Mid-America Apartment Communities by 65.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Mid-America Apartment Communities by 1.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,600 shares of the real estate investment trust’s stock worth $643,000 after acquiring an additional 83 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Mid-America Apartment Communities by 1.9% during the second quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock worth $669,000 after acquiring an additional 84 shares during the last quarter. Blue Trust Inc. grew its stake in Mid-America Apartment Communities by 9.6% during the fourth quarter. Blue Trust Inc. now owns 1,041 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 91 shares in the last quarter. Finally, Values First Advisors Inc. increased its holdings in Mid-America Apartment Communities by 0.6% in the 4th quarter. Values First Advisors Inc. now owns 15,390 shares of the real estate investment trust’s stock valued at $2,138,000 after acquiring an additional 93 shares during the last quarter. 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.