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

Key Points

• MAA shares fell to a new 52-week low of $116.30, trading well below their 50-day and 200-day moving averages of $128.41 and $129.80, respectively.
• Analyst sentiment remains mixed but leans neutral: eight analysts rate the stock a Buy, eleven a Hold, and one a Sell, with a consensus rating of Hold and an average price target of $142.31.
• The REIT reported quarterly EPS of $2.08, exceeding estimates, and revenue rose 1% year over year to $555.13 million. It also declared a $1.53 quarterly dividend, equivalent to a 5.3% annualized yield, though its 178.95% payout ratio is notably high.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) shares reached a new 52-week low on Thursday. The stock traded as low as $116.30 and last traded at $116.5190, with a volume of 77736 shares changing hands. The stock had previously closed at $117.74.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 12th. UBS Group reiterated a "hold" rating and issued a $129.00 price objective (down from $132.00) on shares of Mid-America Apartment Communities in a research note on Tuesday, September 15th. Truist Financial reduced their price objective on Mid-America Apartment Communities from $146.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, September 17th. BNP Paribas Exane raised Mid-America Apartment Communities from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, Barclays dropped their price target on Mid-America Apartment Communities from $147.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Monday, August 17th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus target price of $142.31.

Mid-America Apartment Communities Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $13.52 billion, a P/E ratio of 34.05 and a beta of 0.73. The business has a 50 day moving average of $128.41 and a 200-day moving average of $129.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $556.18 million. During the same quarter last year, the company earned $2.15 EPS. The firm's 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. On average, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 15th. Mid-America Apartment Communities's dividend payout ratio is 178.95%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its position in Mid-America Apartment Communities by 593.1% during the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust's stock worth $28,000 after buying an additional 172 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in shares of Mid-America Apartment Communities by 116.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at about $32,000. Root Financial Partners LLC boosted its position in shares of Mid-America Apartment Communities by 3,100.0% during the 1st quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 279 shares during the last quarter. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the second quarter worth about $37,000. 93.60% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc NYSE: MAA is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA's portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.

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