Mid-America Apartment Communities, Inc. (MAA) to Issue Quarterly Dividend of $1.52 on October 31st

Mid-America Apartment Communities, Inc. (NYSE:MAA) declared a quarterly dividend on Tuesday, September 23rd, RTT News reports. Shareholders of record on Wednesday, October 15th will be given a dividend of 1.515 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, October 15th. This is a 42.6% increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06.

Mid-America Apartment Communities has a payout ratio of 156.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Mid-America Apartment Communities to earn $9.22 per share next year, which means the company should continue to be able to cover its $6.06 annual dividend with an expected future payout ratio of 65.7%.

Mid-America Apartment Communities Trading Down 0.2%

Shares of MAA stock opened at $134.63 on Monday. The business’s fifty day moving average price is $140.75 and its 200 day moving average price is $149.70. The firm has a market capitalization of $15.76 billion, a PE ratio of 27.70, a P/E/G ratio of 3.60 and a beta of 0.77. 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 has a 1-year low of $133.28 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same quarter last year, the firm posted $2.22 EPS. The business’s revenue was up .6% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MAA shares. Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Barclays dropped their price target on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. Morgan Stanley decreased their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Piper Sandler dropped their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Finally, Evercore ISI lifted their target price on shares of Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $161.78.

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.