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

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have been assigned a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $158.4444.

Several equities analysts have recently weighed in on the company. KeyCorp decreased their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. UBS Group reduced their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a research report on Tuesday, July 15th. Piper Sandler lowered their price target on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Wells Fargo & Company upped their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $129.56 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities has a twelve month low of $125.75 and a twelve month high of $173.38. The stock has a market capitalization of $15.17 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.38 and a beta of 0.78. The company has a 50 day moving average of $136.60 and a 200-day moving average of $146.05.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). The business had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 EPS. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. As a group, equities research analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.7%. Mid-America Apartment Communities’s payout ratio is 128.39%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $129.36 per share, with a total value of $74,770.08. Following the acquisition, the chief executive officer owned 320,391 shares in the company, valued at $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its position in shares of Mid-America Apartment Communities by 7.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,328 shares of the real estate investment trust’s stock valued at $1,396,000 after buying an additional 608 shares during the last quarter. Amalgamated Bank raised its stake in Mid-America Apartment Communities by 1.2% in the 1st quarter. Amalgamated Bank now owns 23,207 shares of the real estate investment trust’s stock valued at $3,889,000 after acquiring an additional 279 shares during the period. Aaron Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities during the 1st quarter valued at $234,000. Private Trust Co. NA boosted its position in Mid-America Apartment Communities by 120.1% during the first quarter. Private Trust Co. NA now owns 854 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 466 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Mid-America Apartment Communities in the first quarter valued at $2,863,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.