Mid-America Apartment Communities (MAA) Projected to Post Quarterly Earnings on Wednesday

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Mid-America Apartment Communities to post earnings of $2.17 per share and revenue of $551.21 million for the quarter. Mid-America Apartment Communities has set its Q1 2025 guidance at 2.080-2.240 EPS and its FY 2025 guidance at 8.610-8.930 EPS.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. On average, analysts expect Mid-America Apartment Communities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Mid-America Apartment Communities Stock Up 0.8 %

MAA traded up $1.20 on Monday, hitting $160.58. The company had a trading volume of 119,083 shares, compared to its average volume of 733,002. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities has a 52-week low of $126.77 and a 52-week high of $173.38. The firm has a market capitalization of $18.77 billion, a P/E ratio of 35.86, a P/E/G ratio of 3.72 and a beta of 0.79. The stock has a fifty day simple moving average of $161.38 and a 200-day simple moving average of $157.24.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 135.27%.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the sale, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 7,140 shares of company stock valued at $1,142,842 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MAA shares. Royal Bank of Canada lifted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. BMO Capital Markets reduced their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research note on Tuesday, January 21st. Raymond James increased their price target on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a "strong-buy" rating in a report on Thursday, March 20th. Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price objective for the company from $148.00 to $190.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $168.76.

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.