Mid-America Apartment Communities, Inc. (NYSE:MAA) Receives Consensus Recommendation of “Hold” from Analysts

Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) has been assigned a consensus rating of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $142.31.

A number of analysts recently commented on MAA shares. Morgan Stanley dropped their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings upgraded Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Scotiabank decreased their target price on Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating for the company in a research report on Thursday, September 17th. Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Finally, Mizuho cut their price target on shares of Mid-America Apartment Communities from $152.00 to $140.00 and set an “outperform” rating on the stock in a report on Tuesday, September 8th.

Check Out Our Latest Stock Report on Mid-America Apartment Communities

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Mid-America Apartment Communities during the second quarter valued at $1,820,661,000. Hsbc Holdings PLC raised its stake in shares of Mid-America Apartment Communities by 19.9% in the second quarter. Hsbc Holdings PLC now owns 527,345 shares of the real estate investment trust’s stock valued at $73,371,000 after buying an additional 87,523 shares during the period. Norges Bank bought a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at $750,603,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Mid-America Apartment Communities by 4.2% during the 4th 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 buying an additional 8,724 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Mid-America Apartment Communities by 29.5% during the 4th quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock valued at $34,281,000 after buying an additional 56,224 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Trading Up 1.0%

NYSE:MAA opened at $118.43 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 34.63 and a beta of 0.73. Mid-America Apartment Communities has a 52 week low of $116.67 and a 52 week high of $144.41. The firm has a 50-day moving average price of $129.27 and a two-hundred day moving average price of $130.03.

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. During the same quarter last year, the firm earned $2.15 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. 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. On average, equities analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $1.53 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $6.12 annualized dividend and a yield of 5.2%. Mid-America Apartment Communities’s payout ratio is currently 178.95%.

Mid-America Apartment Communities Company Profile

(Get Free Report)

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

See Also

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

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