Analysts Set Mid-America Apartment Communities, Inc. (NYSE:MAA) Price Target at $154.89

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have earned an average rating of “Hold” from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $154.8947.

A number of analysts have commented on MAA shares. Evercore ISI reduced their price target on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Morgan Stanley cut their price objective on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Truist Financial dropped their price target on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, November 10th. BTIG Research reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, December 5th. Finally, Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $136.29 on Friday. Mid-America Apartment Communities has a 12-month low of $125.75 and a 12-month high of $173.38. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 3.89 and a beta of 0.77. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $132.26 and a 200 day moving average of $140.15.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The business had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. During the same quarter in the previous year, the business posted $2.21 earnings per share. 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, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $1.53 dividend. The ex-dividend date is Thursday, January 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s payout ratio is presently 128.39%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, EVP Adrian Hill acquired 758 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was purchased at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the transaction, the executive vice president directly owned 48,766 shares in the company, valued at approximately $6,428,821.78. This trade represents a 1.58% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Eric Bolton, Jr. purchased 578 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $129.36 per share, with a total value of $74,770.08. Following the completion of the purchase, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. The trade was a 0.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of large investors have recently made changes to their positions in MAA. Allworth Financial LP boosted its position in shares of Mid-America Apartment Communities by 10.4% during the third quarter. Allworth Financial LP now owns 33,258 shares of the real estate investment trust’s stock valued at $4,647,000 after buying an additional 3,146 shares during the period. Cambria Investment Management L.P. grew its position in Mid-America Apartment Communities by 15.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 3,982 shares of the real estate investment trust’s stock valued at $556,000 after acquiring an additional 535 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Mid-America Apartment Communities by 348.5% in the third quarter. CIBC Private Wealth Group LLC now owns 897 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 697 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth $6,556,000. Finally, Danske Bank A S bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth $10,209,000. 93.60% of the stock is owned by hedge funds and other 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.