Mid-America Apartment Communities (NYSE:MAA) Stock Gets Price Target Cut from The Goldman Sachs Group

Mid-America Apartment Communities (NYSE:MAA) had its price target cut by The Goldman Sachs Group from $142.00 to $125.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Mid-America Apartment Communities from $138.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. UBS Group lowered their price objective on shares of Mid-America Apartment Communities from $129.00 to $123.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. BNP Paribas Exane raised shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Truist Financial dropped their price objective on shares of Mid-America Apartment Communities from $146.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Finally, Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, September 2nd. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $137.82.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $119.76 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a 1-year low of $113.95 and a 1-year high of $144.41. The business has a 50 day simple moving average of $122.67 and a two-hundred day simple moving average of $128.95. The stock has a market capitalization of $13.89 billion, a PE ratio of 35.02 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million for the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 EPS. 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. On average, research analysts predict that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 5.1%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 178.95%.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Mid-America Apartment Communities during the second quarter valued at $1,820,661,000. Dimensional Fund Advisors LP raised its holdings in shares of Mid-America Apartment Communities by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust’s stock valued at $216,450,000 after acquiring an additional 63,519 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Mid-America Apartment Communities by 15,892.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust’s stock valued at $169,649,000 after acquiring an additional 1,213,390 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in Mid-America Apartment Communities in the second quarter worth about $155,052,000. 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 real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.