Mid-America Apartment Communities (NYSE:MAA) Reaches New 1-Year Low - Time to Sell?

Key Points

• Mid-America Apartment Communities (NYSE: MAA) has reached a new 52-week low, trading as low as $138.65, signaling potential concern for investors.
• Analyst ratings for MAA show a mix, with a consensus rating of "Hold" and a price target averaging $166.95, reflecting differing outlooks on the stock's performance.
• The company recently announced a quarterly dividend of $1.515 per share, representing an annual yield of 4.4%, though it has a high dividend payout ratio of 124.69%.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $138.65 and last traded at $139.27, with a volume of 84941 shares traded. The stock had previously closed at $140.48.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of research analyst reports. Truist Financial reduced their price target on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. UBS Group lowered their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. Barclays increased their price target on shares of Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Wall Street Zen raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Sunday. Finally, The Goldman Sachs Group cut shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target on the stock. in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $166.95.

Mid-America Apartment Communities Stock Performance

The stock's fifty day moving average price is $148.93 and its two-hundred day moving average price is $155.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $16.22 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.76 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly 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 company had revenue of $549.90 million for 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 firm's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.22 EPS. As a group, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is 124.69%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Mid-America Apartment Communities by 0.5% in the second quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust's stock valued at $2,744,110,000 after acquiring an additional 101,397 shares during the last quarter. Capital World Investors boosted its holdings in Mid-America Apartment Communities by 45.9% in the fourth quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock valued at $1,025,868,000 after acquiring an additional 2,088,143 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mid-America Apartment Communities by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust's stock valued at $488,867,000 after acquiring an additional 54,063 shares during the last quarter. APG Asset Management US Inc. boosted its holdings in Mid-America Apartment Communities by 9.7% in the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock valued at $514,081,000 after acquiring an additional 271,507 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Mid-America Apartment Communities by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,209,030 shares of the real estate investment trust's stock valued at $326,959,000 after acquiring an additional 17,074 shares during the last quarter. Institutional investors 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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