Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Has Consensus Price Target of $139.56 According to Brokerages

Key Points

• Brokerage consensus is “Hold” for Mid-America Apartment Communities, with 11 hold, 8 buy, and 1 sell rating among 20 analysts. The average 12-month price target is $139.56, above the stock’s recent price of $116.50.
• MAA shares are near their 12-month low, trading below both their 50-day and 200-day moving averages. Recent analyst actions were mixed, including price-target cuts from Mizuho, Piper Sandler, and Scotiabank.
• The company declared a quarterly dividend of $1.53, equivalent to $6.12 annually and a 5.3% yield. Institutional investors own 93.6% of the stock, while the company’s latest quarterly revenue rose 1% year over year.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) has earned an average recommendation of "Hold" from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $139.56.

Several equities analysts have commented on MAA shares. Cantor Fitzgerald reissued a "neutral" rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. KeyCorp reaffirmed an "overweight" rating on shares of Mid-America Apartment Communities in a report on Tuesday, September 29th. Mizuho reduced their price objective on Mid-America Apartment Communities from $152.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, September 8th. Piper Sandler reduced their price objective on Mid-America Apartment Communities from $140.00 to $121.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. Finally, Scotiabank decreased their price objective on Mid-America Apartment Communities from $134.00 to $125.00 and set a "sector underperform" rating on the stock in a report on Thursday, September 17th.

Mid-America Apartment Communities Stock Up 0.2%

Shares of Mid-America Apartment Communities stock traded up $0.23 on Friday, hitting $116.50. 943,060 shares of the company traded hands, compared to its average volume of 1,255,164. The company has a 50-day moving average price of $124.11 and a 200 day moving average price of $129.12. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. Mid-America Apartment Communities has a 12-month low of $113.95 and a 12-month high of $144.41. The company has a market cap of $13.52 billion, a PE ratio of 34.07 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same period in the prior year, the business posted $2.15 earnings per share. Mid-America Apartment Communities's revenue for the quarter was up 1.0% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. Sell-side analysts predict that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $1.53 dividend. The ex-dividend date is Thursday, October 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 5.3%. Mid-America Apartment Communities's dividend payout ratio is currently 178.95%.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in MAA. BlackRock Inc. acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $1,820,661,000. Dimensional Fund Advisors LP lifted its position in Mid-America Apartment Communities by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust's stock valued at $216,450,000 after purchasing an additional 63,519 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Mid-America Apartment Communities by 15,892.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust's stock valued at $169,649,000 after purchasing an additional 1,213,390 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Mid-America Apartment Communities in the second quarter valued at approximately $155,052,000. 93.60% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA's portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.

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