What is Zacks Research’s Forecast for MAA FY2028 Earnings?

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Investment analysts at Zacks Research raised their FY2028 earnings per share estimates for shares of Mid-America Apartment Communities in a research note issued to investors on Monday, April 6th. Zacks Research analyst Team now forecasts that the real estate investment trust will post earnings of $9.20 per share for the year, up from their previous forecast of $9.18. The consensus estimate for Mid-America Apartment Communities’ current full-year earnings is $8.84 per share.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($1.74). The firm had revenue of $555.56 million for the quarter, compared to analyst estimates of $556.80 million. Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.23 EPS. 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.

Several other brokerages also recently weighed in on MAA. Morgan Stanley cut their target price on shares of Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Cantor Fitzgerald boosted their target price on shares of 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. Citigroup cut their target price on shares of Mid-America Apartment Communities from $155.00 to $148.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. BMO Capital Markets raised shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and boosted their target price for the company from $150.00 to $158.00 in a research note on Friday, January 9th. Finally, BTIG Research cut their target price on shares of Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Eight 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 data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $149.74.

Mid-America Apartment Communities Trading Up 1.5%

Shares of MAA stock opened at $126.17 on Wednesday. The firm has a 50-day moving average price of $129.79 and a 200 day moving average price of $132.79. Mid-America Apartment Communities has a twelve month low of $120.30 and a twelve month high of $169.00. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 33.38 and a beta of 0.80. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Purpose Unlimited Inc. acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at about $238,000. Hsbc Holdings PLC increased its stake in shares of Mid-America Apartment Communities by 8.4% during the 4th quarter. Hsbc Holdings PLC now owns 430,624 shares of the real estate investment trust’s stock valued at $59,848,000 after acquiring an additional 33,307 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Mid-America Apartment Communities by 3.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,650 shares of the real estate investment trust’s stock valued at $924,000 after acquiring an additional 228 shares during the last quarter. World Investment Advisors increased its stake in shares of Mid-America Apartment Communities by 7.3% during the 4th quarter. World Investment Advisors now owns 2,064 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 141 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 711 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the completion of the transaction, the executive vice president owned 4,471 shares of the company’s stock, valued at $557,667.83. This represents a 13.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 1,039 shares of company stock worth $129,594. Corporate insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $1.53 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.9%. Mid-America Apartment Communities’s dividend payout ratio is currently 161.90%.

Key Stories Impacting Mid-America Apartment Communities

Here are the key news stories impacting Mid-America Apartment Communities this week:

• Positive Sentiment: Company announced a quarterly dividend of $1.53 per share (annualized $6.12), ex-dividend April 15 and payable April 30, yielding about 4.9% — supports income-seeking demand for the REIT. Dividend & company profile
• Positive Sentiment: Zacks Research slightly raised its FY2028 EPS view to $9.20 from $9.18, a small upward revision vs. consensus — a mild positive signal for longer‑term earnings momentum.
• Neutral Sentiment: Market preview coverage ahead of the quarterly report highlights key metrics investors should watch (rent growth, occupancy, same-store NOI, and any updated outlook). This type of preview can increase trading volume but is informational rather than directional. Earnings preview
• Neutral Sentiment: EVP Aubrey Clay Holder sold 145 shares under a pre-arranged Rule 10b5‑1 plan to cover tax withholding on vested awards — disclosed as a routine, non-opportunistic sale. Insider sale filing
• Neutral Sentiment: Institutional position changes (small purchases and reallocations from several funds) were reported; institutional ownership remains high (~93.6%), which can support liquidity but is not an immediate catalyst.
• Negative Sentiment: Zacks issued a string of modest cuts to Q1–Q4 FY2027 and trimmed FY2027 to $8.73 from $8.79 — these downward revisions (albeit small) signal slightly weaker near-term earnings expectations.
• Negative Sentiment: Several sell-side target cuts (Truist, RBC, BTIG trimmed targets recently) and a mixed analyst stance (more Holds than Buys) weigh on upside expectations relative to the consensus target (~$149.74). Analyst notes
• Negative Sentiment: Minor insider selling by Amber Fairbanks (711 shares) was reported — small in size but can be perceived negatively when combined with analyst downward revisions. Insider sale report

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.