Mid-America Apartment Communities (NYSE:MAA) Stock Gets Price Target Trim from Royal Bank Of Canada

Mid-America Apartment Communities (NYSE:MAA) had its target price trimmed by Royal Bank Of Canada from $138.00 to $127.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Several other analysts have also weighed in on MAA. Mizuho decreased their price objective on 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. Barclays lowered their price objective on Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. UBS Group reaffirmed a “hold” rating and issued a $129.00 target price (down from $132.00) on shares of Mid-America Apartment Communities in a research report on Tuesday, September 15th. Finally, Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating on the stock in a research note on Thursday, September 17th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.56.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $116.16 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 33.97 and a beta of 0.75. The company’s fifty day moving average is $124.47 and its two-hundred day moving average is $129.21. Mid-America Apartment Communities has a 52-week low of $113.95 and a 52-week high of $144.41.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $555.13 million during the quarter, compared to analyst estimates of $556.18 million. During the same quarter in the prior year, the business earned $2.15 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. 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. Equities research analysts forecast that Mid-America Apartment Communities will post 8.51 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $1.53 per share. The ex-dividend date is Thursday, October 15th. This represents a $6.12 dividend on an annualized basis and a yield of 5.3%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 178.95%.

Institutional Investors Weigh In On Mid-America Apartment Communities

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew its position in Mid-America Apartment Communities by 30.9% in the third quarter. V Square Quantitative Management LLC now owns 3,027 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 714 shares during the period. TT Capital Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 31.1% during the third quarter. TT Capital Management LLC now owns 28,390 shares of the real estate investment trust’s stock valued at $3,343,000 after acquiring an additional 6,735 shares during the period. Columbus Macro LLC lifted its holdings in shares of Mid-America Apartment Communities by 5.7% during the third quarter. Columbus Macro LLC now owns 78,899 shares of the real estate investment trust’s stock valued at $9,290,000 after acquiring an additional 4,290 shares during the period. Baker Ellis Asset Management LLC boosted its stake in shares of Mid-America Apartment Communities by 0.4% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 53,443 shares of the real estate investment trust’s stock valued at $6,292,000 after purchasing an additional 216 shares in the last quarter. Finally, Lincoln Capital Corp boosted its stake in shares of Mid-America Apartment Communities by 63.9% in the 3rd quarter. Lincoln Capital Corp now owns 12,107 shares of the real estate investment trust’s stock valued at $1,425,000 after purchasing an additional 4,721 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 (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.