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

Key Points

• Mid-America Apartment Communities, Inc. has received a consensus "Hold" rating from 21 analysts, with three recommending sell, ten hold, and eight buy ratings.
• The company reported $2.15 earnings per share in its last quarterly earnings, slightly exceeding analysts' expectations, and has set a dividend of $1.515 per share, a boost from its previous dividend rate.
• Market analysts have adjusted their price targets for the stock, with Scotiabank lowering its target from $180 to $170, while Evercore ISI raised it from $152 to $154.

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) have been given an average rating of "Hold" by the twenty-one brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $161.7778.

A number of research firms have recently issued reports on MAA. Scotiabank cut their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 14th. Evercore ISI increased their price objective on shares of Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Wall Street Zen cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Saturday. KeyCorp lowered their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Finally, BNP Paribas lowered shares of Mid-America Apartment Communities from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th.

Mid-America Apartment Communities Price Performance

MAA stock opened at $136.05 on Tuesday. The stock has a market capitalization of $15.93 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 3.65 and a beta of 0.77. The company's 50-day moving average is $141.58 and its 200-day moving average is $150.50. 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 1 year low of $135.42 and a 1 year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.01. The company had revenue of $549.90 million for the quarter, compared to analysts' expectations of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 EPS. 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. Equities research analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $1.515 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.06. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently made changes to their positions in MAA. NBC Securities Inc. acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth about $46,000. Merit Financial Group LLC increased its stake in Mid-America Apartment Communities by 4.7% in the 1st quarter. Merit Financial Group LLC now owns 3,910 shares of the real estate investment trust's stock valued at $655,000 after buying an additional 175 shares during the last quarter. Park Avenue Securities LLC increased its stake in Mid-America Apartment Communities by 9.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,153 shares of the real estate investment trust's stock valued at $528,000 after buying an additional 277 shares during the last quarter. Vert Asset Management LLC increased its stake in Mid-America Apartment Communities by 5.1% in the 1st quarter. Vert Asset Management LLC now owns 53,988 shares of the real estate investment trust's stock valued at $9,047,000 after buying an additional 2,614 shares during the last quarter. Finally, Portside Wealth Group LLC increased its stake in Mid-America Apartment Communities by 5.2% in the 1st quarter. Portside Wealth Group LLC now owns 5,970 shares of the real estate investment trust's stock valued at $1,000,000 after buying an additional 293 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Company Profile

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.

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