Mid-America Apartment Communities (NYSE:MAA) Cut to “Sell” at Wall Street Zen

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

A number of other analysts have also issued reports on MAA. BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Royal Bank Of Canada dropped their price target on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Wells Fargo & Company decreased their price target on shares of Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. UBS Group dropped their price objective on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a report on Tuesday, July 15th. Finally, Cantor Fitzgerald started coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $136.05 on Friday. Mid-America Apartment Communities has a 1 year low of $135.42 and a 1 year high of $173.38. The company’s 50 day simple moving average is $141.58 and its 200 day simple moving average is $150.50. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.65 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current 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 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same period in the previous year, the firm posted $2.22 EPS. Mid-America Apartment Communities’s revenue was up .6% on a year-over-year basis. 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, sell-side analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This is a boost 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 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.69%.

Institutional Trading of Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently made changes to their positions in MAA. Principal Financial Group Inc. increased its position in Mid-America Apartment Communities by 1.5% in 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 position in shares of Mid-America Apartment Communities in the first quarter valued at approximately $1,929,000. Summit Trail Advisors LLC boosted 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. boosted its stake in Mid-America Apartment Communities by 92.0% during the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock valued at $4,715,000 after buying an additional 13,482 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Mid-America Apartment Communities by 1.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust’s stock worth $60,708,000 after acquiring an additional 5,650 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

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.