Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $141.00

Mid-America Apartment Communities (NYSE:MAA) had its target price lifted by Cantor Fitzgerald from $137.00 to $141.00 in a report released on Monday morning,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts have also commented on MAA. Barclays lowered their price objective on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Evercore lowered their target price on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Wall Street Zen cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Royal Bank Of Canada decreased their price objective on Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. Finally, BTIG Research restated a “buy” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $153.84.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock opened at $136.04 on Monday. The business has a 50 day moving average of $135.12 and a 200 day moving average of $136.63. Mid-America Apartment Communities has a 52 week low of $125.75 and a 52 week high of $173.38. The company has a market cap of $15.90 billion, a PE ratio of 35.99, a P/E/G 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 (NYSE:MAA) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (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 company had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. During the same period in the previous year, the firm posted $2.23 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were issued a $1.53 dividend. This represents a $6.12 annualized dividend and a yield of 4.5%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date of this dividend was Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 161.90%.

Insider Transactions at Mid-America Apartment Communities

In other news, EVP Adrian Hill acquired 758 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of $131.83 per share, with a total value of $99,927.14. Following the transaction, the executive vice president owned 48,766 shares of the company’s stock, valued at $6,428,821.78. This trade represents a 1.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amber Fairbanks sold 233 shares of the firm’s stock in a transaction dated 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 approximately $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,079 shares of company stock valued at $838,698. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Mid-America Apartment Communities by 0.5% in the second quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust’s stock worth $2,744,110,000 after acquiring an additional 101,397 shares during the period. State Street Corp boosted its holdings in Mid-America Apartment Communities by 1.6% in the third quarter. State Street Corp now owns 8,119,375 shares of the real estate investment trust’s stock worth $1,134,520,000 after purchasing an additional 125,130 shares during the last quarter. Norges Bank bought a new stake in Mid-America Apartment Communities in the 4th quarter worth approximately $750,603,000. Geode Capital Management LLC grew its position in Mid-America Apartment Communities by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock worth $473,977,000 after purchasing an additional 40,028 shares during the period. Finally, Viking Global Investors LP purchased a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $369,597,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

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.