Mid-America Apartment Communities (NYSE:MAA) Hits New 12-Month Low - Here's Why

Key Points

• Mid-America Apartment Communities (MAA) hit a new 12-month low with shares trading as low as $134.97, amid various target price adjustments from analysts.
• The company reported earnings of $2.15 per share for its last quarter, exceeding expectations, but has set Q3 2025 guidance between $2.080 and $2.240 EPS.
• Mid-America recently announced an increase in its quarterly dividend to $1.515 per share, representing an annualized dividend yield of 4.5%.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $134.97 and last traded at $136.38, with a volume of 46900 shares trading hands. The stock had previously closed at $136.22.

Analyst Upgrades and Downgrades

Several analysts have commented on MAA shares. KeyCorp dropped their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Cantor Fitzgerald started coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, October 1st. They set a "neutral" rating and a $150.00 target price for the company. UBS Group dropped their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research report on Tuesday, July 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. Finally, Wells Fargo & Company dropped their target price on shares of Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average target price of $161.78.

Mid-America Apartment Communities Stock Performance

The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.77. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock's 50 day moving average is $141.26 and its two-hundred day moving average is $150.40.

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

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $1.515 per share. 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 positive change 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%.

Hedge Funds Weigh In On Mid-America Apartment Communities

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Mid-America Apartment Communities by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock valued at $32,214,000 after purchasing an additional 2,800 shares during the period. Aurora Investment Counsel bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter valued at about $1,929,000. Summit Trail Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 106.9% in the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after purchasing an additional 2,274 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Mid-America Apartment Communities by 92.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock valued at $4,715,000 after purchasing an additional 13,482 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Mid-America Apartment Communities by 1.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock valued at $60,708,000 after purchasing an additional 5,650 shares during the period. 93.60% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.