Mid-America Apartment Communities (NYSE:MAA) Hits New 12-Month Low - What's Next?

Key Points

• Mid-America Apartment Communities' share price has reached a new **52-week low** at $136.70, down from a previous close of $138.00.
• Despite positive earnings reports, several analysts have **downgraded their price targets**, with Barclays and Wells Fargo setting new targets of $155.00 and $156.00, respectively.
• The company has announced a quarterly dividend increase to **$1.515 per share**, representing a 4.4% yield, with the dividend payout ratio currently at **124.69%**.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $136.93 and last traded at $136.70, with a volume of 38110 shares trading hands. The stock had previously closed at $138.00.

Analyst Upgrades and Downgrades

MAA has been the subject of several analyst reports. Barclays decreased their price objective on Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday. Wells Fargo & Company decreased 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 note on Wednesday, August 27th. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a research report on Wednesday. They issued a "neutral" rating and a $150.00 price objective for the company. Morgan Stanley reduced their price target on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada reduced their price objective on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and a consensus target price of $161.78.

Mid-America Apartment Communities Price Performance

The company's 50-day moving average is $142.46 and its two-hundred day moving average is $151.20. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $16.03 billion, a P/E ratio of 28.15, a PEG ratio of 3.74 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly 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. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company 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 posted $2.22 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. 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. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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. Investors of record on Wednesday, October 15th will be given a dividend of $1.515 per share. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.4%. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.06. Mid-America Apartment Communities's dividend payout ratio is currently 124.69%.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock valued at $169,000 after buying an additional 65 shares during the last quarter. Alhambra Investment Management LLC boosted its stake in shares of Mid-America Apartment Communities by 3.1% during the 1st quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock valued at $363,000 after buying an additional 66 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Mid-America Apartment Communities by 2.6% during the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after buying an additional 70 shares during the last quarter. Ables Iannone Moore & Associates Inc. boosted its stake in shares of Mid-America Apartment Communities by 2.7% during the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust's stock valued at $397,000 after buying an additional 70 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Mid-America Apartment Communities by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock valued at $394,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

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.

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