Analysts Set Mid-America Apartment Communities, Inc. (NYSE:MAA) PT at $155.37

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $155.3684.

Several brokerages have recently commented on MAA. Scotiabank cut shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $146.00 to $142.00 in a research report on Friday, December 5th. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Truist Financial dropped their price target on 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, UBS Group lifted their price objective on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, EVP Adrian Hill bought 758 shares of the stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $131.83 per share, with a total value of $99,927.14. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amber Fairbanks sold 233 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total value of $31,804.50. Following the sale, the executive vice president owned 3,799 shares in the company, valued at $518,563.50. The trade was a 5.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,079 shares of company stock worth $838,698 in the last ninety days. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Mid-America Apartment Communities by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock valued at $2,149,000 after buying an additional 620 shares during the last quarter. Czech National Bank increased its holdings in shares of Mid-America Apartment Communities by 6.6% in the 2nd quarter. Czech National Bank now owns 28,613 shares of the real estate investment trust’s stock worth $4,235,000 after acquiring an additional 1,763 shares during the period. Lincoln Capital Corp increased its holdings in shares of Mid-America Apartment Communities by 0.7% in the 2nd quarter. Lincoln Capital Corp now owns 19,495 shares of the real estate investment trust’s stock worth $2,885,000 after acquiring an additional 139 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Mid-America Apartment Communities by 3.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,325 shares of the real estate investment trust’s stock valued at $5,969,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Swedbank AB boosted its stake in Mid-America Apartment Communities by 5.0% during the 2nd quarter. Swedbank AB now owns 176,835 shares of the real estate investment trust’s stock valued at $26,173,000 after purchasing an additional 8,448 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Up 1.2%

MAA stock opened at $137.06 on Thursday. 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 simple moving average of $134.60 and a 200-day simple moving average of $138.71. The company has a market capitalization of $16.05 billion, a P/E ratio of 29.04, a PEG ratio of 3.90 and a beta of 0.78. Mid-America Apartment Communities has a twelve month low of $125.75 and a twelve month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.01). The company had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $2.21 earnings per share. 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, equities research analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $1.53 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 129.66%.

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.