Mid-America Apartment Communities (NYSE:MAA) Releases Quarterly Earnings Results, Beats Expectations By $1.19 EPS

Mid-America Apartment Communities (NYSE:MAA) issued its earnings results on Wednesday. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19, Zacks reports. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Mid-America Apartment Communities updated its Q1 2025 guidance to 2.080-2.240 EPS and its FY 2025 guidance to 8.610-8.930 EPS.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded up $2.42 during trading hours on Wednesday, reaching $157.05. The stock had a trading volume of 1,118,239 shares, compared to its average volume of 680,815. The stock has a market cap of $18.36 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. The stock has a 50 day simple moving average of $154.06 and a 200 day simple moving average of $155.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a 12-month low of $121.51 and a 12-month high of $167.39.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.86%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is 136.79%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAA. BMO Capital Markets lowered their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Mizuho lowered their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research note on Tuesday, December 17th. Finally, Morgan Stanley raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $159.50 to $168.00 in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $166.00.

About Mid-America Apartment Communities

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.