Mid-America Apartment Communities (NYSE:MAA) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Mid-America Apartment Communities (NYSE:MAAFree Report) in a report released on Thursday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $147.00 price objective on the real estate investment trust’s stock.

A number of other research firms have also weighed in on MAA. Barclays lifted their price objective on Mid-America Apartment Communities from $139.00 to $147.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Scotiabank upped their target price on Mid-America Apartment Communities from $129.00 to $137.00 and gave the stock a “sector underperform” rating in a research note on Thursday, July 9th. Morgan Stanley raised their target price on Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Truist Financial lifted their price target on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group cut Mid-America Apartment Communities from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $144.56.

Check Out Our Latest Stock Analysis on MAA

Mid-America Apartment Communities Stock Down 1.3%

NYSE:MAA opened at $133.07 on Thursday. The firm has a market capitalization of $15.49 billion, a P/E ratio of 40.32 and a beta of 0.74. Mid-America Apartment Communities has a 1-year low of $120.30 and a 1-year high of $153.93. The company’s fifty day moving average price is $134.31 and its 200-day moving average price is $132.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $1.30. The firm had revenue of $553.73 million during the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $2.20 earnings per share. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. As a group, equities research analysts anticipate that Mid-America Apartment Communities will post 8.5 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.6%. Mid-America Apartment Communities’s payout ratio is currently 185.45%.

Insider Activity at Mid-America Apartment Communities

In other news, Director Tamara D. Fischer acquired 1,100 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $128.55 per share, with a total value of $141,405.00. Following the purchase, the director owned 1,100 shares in the company, valued at $141,405. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algebris UK Ltd. boosted its holdings in shares of Mid-America Apartment Communities by 27.5% during the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after purchasing an additional 28,528 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Mid-America Apartment Communities by 29.5% in the fourth quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock valued at $34,281,000 after purchasing an additional 56,224 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Mid-America Apartment Communities by 4.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock valued at $30,083,000 after purchasing an additional 8,724 shares during the last quarter. CWM LLC lifted its position in Mid-America Apartment Communities by 17.3% during the fourth quarter. CWM LLC now owns 132,440 shares of the real estate investment trust’s stock worth $18,397,000 after buying an additional 19,512 shares in the last quarter. Finally, Norges Bank purchased a new position in Mid-America Apartment Communities during the fourth quarter worth approximately $750,603,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.

Further Reading

Analyst Recommendations for Mid-America Apartment Communities (NYSE:MAA)

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