Mid-America Apartment Communities (NYSE:MAA) Given New $136.00 Price Target at Royal Bank Of Canada

Mid-America Apartment Communities (NYSE:MAA) had its price target trimmed by Royal Bank Of Canada from $138.00 to $136.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets raised Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and lifted their price objective for the company from $150.00 to $158.00 in a research note on Friday, January 9th. Wells Fargo & Company reduced their price target on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. BTIG Research reissued a “buy” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Scotiabank downgraded shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $146.00 to $142.00 in a research note on Friday, December 5th. Finally, Evercore decreased their price target on shares of 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. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $155.11.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $132.21 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.06 and a current ratio of 0.10. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 3.75 and a beta of 0.79. Mid-America Apartment Communities has a one year low of $125.75 and a one year high of $173.38. The company has a 50 day moving average price of $135.10 and a 200 day moving average price of $137.10.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($1.74). The company had revenue of $555.56 million for the quarter, compared to analysts’ expectations of $556.80 million. Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 earnings per share. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. Sell-side analysts anticipate that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were paid a dividend of $1.53 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities’s payout ratio is 129.66%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Adrian Hill purchased 758 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average price 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 approximately $6,428,821.78. This trade represents a 1.58% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert J. Delpriore sold 5,426 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the sale, the executive vice president owned 49,745 shares in the company, valued at $6,876,251.35. This represents a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,079 shares of company stock worth $838,698. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $795,893,000. Allworth Financial LP increased its holdings in shares of Mid-America Apartment Communities by 33.1% during the second quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock valued at $4,457,000 after purchasing an additional 7,481 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Mid-America Apartment Communities by 85.5% during the third quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 13,198 shares in the last quarter. Barings LLC bought a new position in Mid-America Apartment Communities in the 2nd quarter valued at about $2,268,000. Finally, Algebris UK Ltd. bought a new position in Mid-America Apartment Communities in the 3rd quarter valued at about $14,461,000. 93.60% of the stock is currently owned by institutional investors.

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.