Mid-America Apartment Communities (NYSE:MAA) Reaches New 52-Week Low on Analyst Downgrade

Mid-America Apartment Communities, Inc. (NYSE:MAA)’s stock price reached a new 52-week low on Monday after Evercore ISI lowered their price target on the stock from $153.00 to $144.00. Evercore ISI currently has an in-line rating on the stock. Mid-America Apartment Communities traded as low as $125.75 and last traded at $126.5420, with a volume of 136179 shares changing hands. The stock had previously closed at $128.23.

Several other equities analysts have also weighed in on MAA. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Morgan Stanley cut their target price on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. BNP Paribas Exane lowered Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company increased their target price on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus price target of $159.78.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings 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 in the last quarter. State Street Corp grew its holdings in shares of Mid-America Apartment Communities by 2.0% during the second quarter. State Street Corp now owns 7,994,245 shares of the real estate investment trust’s stock worth $1,183,228,000 after buying an additional 159,278 shares in the last quarter. Norges Bank bought a new position in shares of Mid-America Apartment Communities during the second quarter worth about $795,893,000. Geode Capital Management LLC grew its holdings in shares of Mid-America Apartment Communities by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust’s stock worth $488,867,000 after buying an additional 54,063 shares in the last quarter. Finally, APG Asset Management US Inc. grew its holdings in shares of Mid-America Apartment Communities by 9.7% during the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock worth $514,081,000 after buying an additional 271,507 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $14.85 billion, a P/E ratio of 26.88, a P/E/G ratio of 3.38 and a beta of 0.77. The stock has a fifty day moving average of $138.15 and a 200-day moving average of $146.90.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The firm had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a dividend of $1.515 per share. The ex-dividend date was Wednesday, October 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.8%. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.