Mid-America Apartment Communities, Inc. (NYSE:MAA) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Mid-America Apartment Communities, Inc. (NYSE:MAA) has received an average consensus rating of "Hold" from analysts, with one sell, eight hold, and eight buy recommendations.
• The company recently reported quarterly earnings of $2.15 per share, slightly beating analyst expectations, although revenue reached $549.90 million, falling short of the $552.19 million consensus.
• Mid-America Apartment Communities announced a quarterly dividend of $1.0625 per share, reflecting a 2.9% dividend yield with a payout ratio of 124.69%.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $162.4118.

MAA has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. JMP Securities upped their target price on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 22nd. Truist Financial decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. The Goldman Sachs Group cut shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price for the company. in a research report on Friday, July 11th. Finally, Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA traded down $1.96 during trading on Friday, reaching $142.13. 737,060 shares of the company's stock traded hands, compared to its average volume of 709,309. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities has a 12 month low of $137.32 and a 12 month high of $173.38. The company has a 50 day moving average of $145.28 and a 200-day moving average of $153.56. The stock has a market capitalization of $16.64 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same quarter in the prior year, the firm earned $2.22 EPS. The company's revenue for the quarter was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. On average, equities analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio is currently 124.69%.

Institutional Trading of Mid-America Apartment Communities

Institutional investors have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $26,000. Larson Financial Group LLC lifted its stake in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 91 shares during the period. Financial Network Wealth Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $29,000. Finally, Sound Income Strategies LLC lifted its stake in shares of 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 during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.