Mid-America Apartment Communities (NYSE:MAA) Price Target Lowered to $155.00 at KeyCorp

Mid-America Apartment Communities (NYSE:MAA) had its price objective reduced by KeyCorp from $170.00 to $155.00 in a research note issued to investors on Wednesday, MarketBeat reports. They currently have an overweight rating on the real estate investment trust’s stock.

MAA has been the subject of a number of other reports. BMO Capital Markets upgraded shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $158.00 in a research note on Friday, January 9th. Evercore decreased their target price on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Truist Financial decreased their price objective on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Cantor Fitzgerald increased their price target on Mid-America Apartment Communities from $137.00 to $141.00 and gave the stock a “neutral” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and an average target price of $153.84.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded down $2.38 during trading on Wednesday, hitting $133.65. 121,824 shares of the stock traded hands, compared to its average volume of 994,581. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.26 and a beta of 0.79. The company has a quick ratio of 0.06, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. Mid-America Apartment Communities has a 52 week low of $125.75 and a 52 week high of $173.38. The firm’s fifty day moving average is $135.12 and its 200-day moving average is $136.63.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The business had revenue of $555.56 million for the quarter, compared to the consensus estimate of $556.80 million. During the same quarter in the previous year, the business earned $2.23 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. Research analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were given a dividend of $1.53 per share. The ex-dividend date of this dividend was Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio is 161.90%.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total transaction of $31,804.50. Following the sale, the executive vice president owned 3,799 shares of the company’s stock, valued at $518,563.50. The trade was a 5.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Adrian Hill bought 758 shares of Mid-America Apartment Communities stock in a transaction dated Friday, December 12th. The stock was acquired at an average price of $131.83 per share, with a total value of $99,927.14. Following the completion of the transaction, the executive vice president directly owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. The trade was a 1.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 6,079 shares of company stock valued at $838,698 in the last three months. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC purchased a new position in Mid-America Apartment Communities during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Mid-America Apartment Communities during the second quarter worth about $26,000. Tobam purchased a new position in Mid-America Apartment Communities during the third quarter worth about $26,000. Physician Wealth Advisors Inc. grew its stake in shares of Mid-America Apartment Communities by 65.2% in the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 75 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $33,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

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.