Zacks Research Analysts Raise Earnings Estimates for MAA

Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) - Equities researchers at Zacks Research boosted their Q1 2027 earnings estimates for shares of Mid-America Apartment Communities in a research report issued on Wednesday, May 21st. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $2.35 per share for the quarter, up from their prior estimate of $2.34. The consensus estimate for Mid-America Apartment Communities' current full-year earnings is $8.84 per share.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The firm had revenue of $549.30 million for the quarter, compared to analysts' expectations of $551.21 million. During the same quarter in the previous year, the firm posted $2.22 earnings per share. The company's revenue was up 1.0% on a year-over-year basis.

Other analysts have also issued research reports about the stock. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their target price for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Mizuho decreased their price target on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Royal Bank of Canada increased their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. JMP Securities boosted their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 22nd. Finally, Raymond James cut Mid-America Apartment Communities from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $185.00 to $175.00 in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and an average price target of $169.50.

Mid-America Apartment Communities Stock Performance

MAA traded down $0.26 on Monday, hitting $155.49. The company's stock had a trading volume of 74,965 shares, compared to its average volume of 746,721. Mid-America Apartment Communities has a 12 month low of $129.25 and a 12 month high of $173.38. The firm has a market cap of $18.20 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company's 50 day simple moving average is $159.27 and its 200-day simple moving average is $158.18.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $1.515 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.90%. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Insiders Place Their Bets

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the sale, the chief executive officer now owns 319,813 shares in the company, valued at approximately $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following the sale, the executive vice president now owns 3,012 shares in the company, valued at $502,552.20. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock worth $1,171,707 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC purchased a new stake in Mid-America Apartment Communities during the 1st quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 91 shares during the last quarter. AlphaQuest LLC bought a new position in Mid-America Apartment Communities during the 1st quarter valued at about $34,000. Ransom Advisory Ltd purchased a new stake in Mid-America Apartment Communities in the 1st quarter worth about $36,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Mid-America Apartment Communities during the first quarter valued at approximately $38,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

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.