Mid-America Apartment Communities (NYSE:MAA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mid-America Apartment Communities (NYSE:MAA) from a sell rating to a hold rating in a report released on Friday.

A number of other brokerages have also commented on MAA. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 14th. KeyCorp reduced their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Barclays reduced their target price on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, Piper Sandler dropped their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.53.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $139.52 on Friday. The company’s fifty day moving average price is $143.26 and its 200-day moving average price is $151.55. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 3.73 and a beta of 0.78. Mid-America Apartment Communities has a one year low of $137.32 and a one year high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. The firm 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 business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. On average, equities research analysts anticipate that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.3%. Mid-America Apartment Communities’s dividend payout ratio is 124.69%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in Mid-America Apartment Communities by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock valued at $32,214,000 after acquiring an additional 2,800 shares during the period. Aurora Investment Counsel bought a new stake in Mid-America Apartment Communities during the 1st quarter valued at about $1,929,000. Summit Trail Advisors LLC increased its stake in Mid-America Apartment Communities by 106.9% during the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 2,274 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Mid-America Apartment Communities by 92.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock valued at $4,715,000 after purchasing an additional 13,482 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Mid-America Apartment Communities by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust’s stock valued at $60,708,000 after purchasing an additional 5,650 shares in the last quarter. 93.60% of the stock is 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.