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

Key Points

• MAA hit a new 52-week low, trading as low as $117.71, well below its 50-day and 200-day moving averages near $130.
• Analyst sentiment is mixed but leans positive: the consensus rating is “Hold”, with 8 Buy, 11 Hold and 1 Sell rating, and an average price target of $142.31.
• The REIT reported quarterly EPS of $2.08, well above estimates, while revenue rose 1% year over year. It also declared a $1.53 quarterly dividend, equivalent to a 5.2% yield, although its payout ratio is high at 178.95%.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $117.71 and last traded at $117.8280, with a volume of 1559415 shares traded. The stock had previously closed at $119.15.

Wall Street Analysts Forecast Growth

MAA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. started coverage on Mid-America Apartment Communities in a report on Thursday, July 16th. They set a "neutral" rating and a $147.00 price target for the company. Mizuho dropped their price objective on Mid-America Apartment Communities from $152.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 8th. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $148.00 to $146.00 and set an "overweight" rating on the stock in a report on Tuesday, September 1st. Weiss Ratings raised shares of Mid-America Apartment Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 20th. Finally, Citigroup reiterated a "market outperform" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities presently has an average rating of "Hold" and a consensus price target of $142.31.

Mid-America Apartment Communities Stock Performance

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The company's 50-day moving average is $129.91 and its two-hundred day moving average is $130.22. The firm has a market cap of $13.67 billion, a P/E ratio of 34.45 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The business had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. During the same period in the prior year, the firm posted $2.15 EPS. Mid-America Apartment Communities's quarterly revenue was up 1.0% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. As a group, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $1.53 dividend. The ex-dividend date is Thursday, October 15th. This represents a $6.12 annualized dividend and a yield of 5.2%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 178.95%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. raised its position in Mid-America Apartment Communities by 11.8% in the second quarter. QRG Capital Management Inc. now owns 19,034 shares of the real estate investment trust's stock worth $2,645,000 after acquiring an additional 2,003 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Mid-America Apartment Communities by 8.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,506 shares of the real estate investment trust's stock valued at $487,000 after acquiring an additional 288 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 89.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,177 shares of the real estate investment trust's stock worth $580,000 after purchasing an additional 1,973 shares during the last quarter. National Pension Service increased its position in Mid-America Apartment Communities by 18.2% in the second quarter. National Pension Service now owns 10,318 shares of the real estate investment trust's stock worth $1,434,000 after buying an additional 1,591 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Mid-America Apartment Communities by 93.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,812 shares of the real estate investment trust's stock worth $1,641,000 after acquiring an additional 5,694 shares during the period. Institutional investors own 93.60% of the company's stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA's portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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