Mid-America Apartment Communities (NYSE:MAA) Sets New 1-Year Low – Time to Sell?

Mid-America Apartment Communities, Inc. (NYSE:MAA) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $114.19 and last traded at $114.2840, with a volume of 1208758 shares trading hands. The stock had previously closed at $116.99.

Wall Street Analyst Weigh In

Several research firms have issued reports on MAA. Weiss Ratings raised Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Scotiabank decreased their price objective on Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating for the company in a report on Thursday, September 17th. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Wells Fargo & Company cut their target price on Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Finally, JPMorgan Chase & Co. started coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They set a “neutral” rating and a $147.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $142.31.

Mid-America Apartment Communities Stock Up 0.4%

The firm has a market capitalization of $13.53 billion, a P/E ratio of 34.09 and a beta of 0.75. The firm’s 50 day moving average is $126.20 and its two-hundred day moving average is $129.40. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. The firm had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 earnings per share. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $6.12 annualized dividend and a yield of 5.2%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 178.95%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pacifica Partners Inc. boosted its holdings in shares of Mid-America Apartment Communities by 34.4% during the third quarter. Pacifica Partners Inc. now owns 15,550 shares of the real estate investment trust’s stock worth $1,810,000 after acquiring an additional 3,981 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of Mid-America Apartment Communities by 87.1% during the third quarter. Elevation Wealth Partners LLC now owns 376 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 175 shares in the last quarter. Ables Iannone Moore & Associates Inc. raised its stake in Mid-America Apartment Communities by 27.6% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 8,153 shares of the real estate investment trust’s stock worth $960,000 after purchasing an additional 1,761 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Mid-America Apartment Communities by 11.8% during the second quarter. QRG Capital Management Inc. now owns 19,034 shares of the real estate investment trust’s stock worth $2,645,000 after purchasing an additional 2,003 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Mid-America Apartment Communities by 8.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,506 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 288 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.