Zacks Research Has Positive Forecast for MAA Q1 Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) - Analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for shares of Mid-America Apartment Communities in a research report issued to clients and investors on Wednesday, May 21st. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $2.35 for the quarter, up from their previous forecast of $2.34. The consensus estimate for Mid-America Apartment Communities' current full-year earnings is $8.84 per share.

MAA has been the subject of several other reports. Royal Bank of Canada lifted 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. Barclays boosted their target price on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Mizuho decreased their target price on Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Robert W. Baird boosted their target price on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Evercore ISI boosted their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and an average price target of $169.50.

Mid-America Apartment Communities Trading Up 0.4%

MAA traded up $0.55 during midday trading on Monday, hitting $154.78. 885,970 shares of the company were exchanged, compared to its average volume of 748,920. The firm has a market capitalization of $18.12 billion, a P/E ratio of 34.55, a P/E/G ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities has a 1-year low of $126.77 and a 1-year high of $173.38. The firm's 50 day moving average price is $159.56 and its 200-day moving average price is $158.23. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

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

Hedge Funds Weigh In On Mid-America Apartment Communities

Several institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new position in Mid-America Apartment Communities in the first quarter valued at approximately $7,606,000. Ransom Advisory Ltd bought a new stake in Mid-America Apartment Communities during the 1st quarter valued at $36,000. Bayforest Capital Ltd raised its holdings in Mid-America Apartment Communities by 207.1% during the 1st quarter. Bayforest Capital Ltd now owns 1,953 shares of the real estate investment trust's stock valued at $327,000 after acquiring an additional 1,317 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Mid-America Apartment Communities by 9.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,236,647 shares of the real estate investment trust's stock valued at $207,237,000 after acquiring an additional 107,661 shares during the period. Finally, MBB Public Markets I LLC bought a new stake in Mid-America Apartment Communities during the 1st quarter valued at $347,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $166.85, for a total value of $28,865.05. Following the transaction, the executive vice president now owns 3,012 shares in the company, valued at approximately $502,552.20. This represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,313 shares of company stock worth $1,171,707. Insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $1.515 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.92%. Mid-America Apartment Communities's payout ratio is presently 126.25%.

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.