Analysts Set Mid-America Apartment Communities, Inc. (NYSE:MAA) PT at $155.37

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $155.3684.

A number of research analysts recently weighed in on MAA shares. BTIG Research reaffirmed a “buy” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, December 5th. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a report on Monday, September 29th. UBS Group boosted their target price on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Piper Sandler decreased their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Finally, Scotiabank cut Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $146.00 to $142.00 in a research report on Friday, December 5th.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $135.41 on Thursday. The firm has a market cap of $15.85 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.83 and a beta of 0.78. Mid-America Apartment Communities has a 52-week low of $125.75 and a 52-week high of $173.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. The business’s 50 day moving average price is $134.89 and its two-hundred day moving average price is $138.41.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The company had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. During the same quarter in the previous year, the firm earned $2.21 EPS. The firm’s revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. On average, equities analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $1.53 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 129.66%.

Insiders Place Their Bets

In related news, CEO H Eric Bolton, Jr. acquired 578 shares of the stock in a transaction on Friday, October 31st. The shares were acquired at an average price of $129.36 per share, with a total value of $74,770.08. Following the completion of the transaction, the chief executive officer owned 320,391 shares in the company, valued at approximately $41,445,779.76. The trade was a 0.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the completion of the sale, the executive vice president directly owned 3,799 shares in the company, valued at $518,563.50. This trade represents a 5.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,079 shares of company stock worth $838,698 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Mid-America Apartment Communities during the second quarter valued at approximately $795,893,000. Allworth Financial LP lifted its holdings in shares of Mid-America Apartment Communities by 33.1% in the 2nd quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock worth $4,457,000 after acquiring an additional 7,481 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Mid-America Apartment Communities by 85.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 13,198 shares in the last quarter. Barings LLC bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at $2,268,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at $5,156,000. 93.60% of the stock is currently owned by institutional investors.

About Mid-America Apartment Communities

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.