Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $116.30 and last traded at $116.5190, with a volume of 77736 shares trading hands. The stock had previously closed at $117.74.
Analysts Set New Price Targets
MAA has been the topic of a number of research analyst reports. BNP Paribas Exane raised shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. UBS Group reaffirmed a “hold” rating and set a $129.00 price objective (down from $132.00) on shares of Mid-America Apartment Communities in a report on Tuesday, September 15th. Weiss Ratings upgraded shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. began coverage on Mid-America Apartment Communities in a research note on Thursday, July 16th. They issued a “neutral” rating and a $147.00 target price on the stock. Finally, Morgan Stanley lowered their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $142.31.
Get Our Latest Analysis on MAA
Mid-America Apartment Communities Price Performance
Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. During the same quarter in the prior year, the company earned $2.15 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. As a group, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current fiscal year.
Mid-America Apartment Communities Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 178.95%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Mid-America Apartment Communities during the second quarter valued at about $1,820,661,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Mid-America Apartment Communities in the second quarter worth about $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mid-America Apartment Communities by 15,892.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust’s stock worth $169,649,000 after purchasing an additional 1,213,390 shares during the last quarter. Legal & General Group Plc purchased a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $155,052,000. Finally, Bank of America Corp DE purchased a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $113,695,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.
MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.
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