Mid-America Apartment Communities (NYSE:MAA) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities (NYSE:MAA) in a report released on Wednesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $150.00 target price on the real estate investment trust’s stock.

Several other research analysts also recently commented on the company. Wall Street Zen raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. KeyCorp cut their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Morgan Stanley cut their target price on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Barclays cut their target price on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Evercore ISI raised their target price on Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Stock Up 0.4%

NYSE MAA opened at $136.79 on Wednesday. The business has a fifty day moving average price of $141.85 and a 200 day moving average price of $150.83. Mid-America Apartment Communities has a one year low of $136.07 and a one year high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $16.01 billion, a P/E ratio of 28.15, a P/E/G ratio of 3.64 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS 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 firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same period in the prior year, the company earned $2.22 EPS. The firm’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. Research analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed 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 represents a $6.06 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is 124.69%.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Elevation Point Wealth Partners LLC purchased a new position in shares of Mid-America Apartment Communities in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mid-America Apartment Communities in the second quarter valued at approximately $26,000. Larson Financial Group LLC grew its holdings in shares of Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 91 shares in the last quarter. Financial Network Wealth Advisors LLC acquired a new position in shares of Mid-America Apartment Communities in the first quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

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.