Mid-America Apartment Communities (NYSE:MAA) Reaches New 1-Year Low Following Analyst Downgrade

Key Points

• Mid-America Apartment Communities (NYSE:MAA) stock hit a new 52-week low at $133.24 following an analyst downgrade by Evercore ISI, which lowered its price target from $154.00 to $153.00.
• Several other analysts, including BNP Paribas and Barclays, have also downgraded the stock or decreased their price targets, indicating a consensus average rating of "Hold" with a price target of $161.78.
• The company announced an increase in its quarterly dividend to $1.515, up from $1.06, reflecting an annualized yield of 4.5%, although it has a high dividend payout ratio of 124.69%.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday after Evercore ISI lowered their price target on the stock from $154.00 to $153.00. Evercore ISI currently has an in-line rating on the stock. Mid-America Apartment Communities traded as low as $133.24 and last traded at $134.03, with a volume of 139740 shares changing hands. The stock had previously closed at $134.54.

Other research analysts have also issued reports about the stock. 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. Barclays decreased their price objective on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, September 30th. Piper Sandler decreased their price objective on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Morgan Stanley decreased their price objective on shares of 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, BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a report on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Hold" and a consensus price target of $161.78.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors have recently bought and sold shares of MAA. Farther Finance Advisors LLC grew its position in Mid-America Apartment Communities by 133.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,291 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 1,311 shares during the last quarter. GAMMA Investing LLC grew its position in Mid-America Apartment Communities by 34.6% during the 1st quarter. GAMMA Investing LLC now owns 3,467 shares of the real estate investment trust's stock valued at $581,000 after purchasing an additional 892 shares during the last quarter. SG Americas Securities LLC grew its position in Mid-America Apartment Communities by 94.1% during the 1st quarter. SG Americas Securities LLC now owns 6,229 shares of the real estate investment trust's stock valued at $1,044,000 after purchasing an additional 3,020 shares during the last quarter. CX Institutional purchased a new stake in Mid-America Apartment Communities during the 1st quarter valued at about $153,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Mid-America Apartment Communities by 1.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,218 shares of the real estate investment trust's stock valued at $10,259,000 after purchasing an additional 613 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 0.5%

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 firm has a market cap of $15.68 billion, a P/E ratio of 27.59, a PEG ratio of 3.60 and a beta of 0.77. The company's 50 day simple moving average is $140.64 and its 200-day simple moving average is $149.48.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.01. The business 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 for the quarter was up .6% compared to the same quarter last year. During the same quarter 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. Research analysts forecast 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 $1.515 dividend. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

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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