Mid-America Apartment Communities (NYSE:MAA) Stock Gets Price Target Cut from UBS Group

Mid-America Apartment Communities (NYSE:MAA) had its price target cut by UBS Group from $129.00 to $123.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

MAA has been the topic of several other research reports. KeyCorp reiterated an “overweight” rating on shares of Mid-America Apartment Communities in a research note on Tuesday, September 29th. Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Truist Financial reduced their price objective on Mid-America Apartment Communities from $146.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.56.

Mid-America Apartment Communities Trading Up 0.2%

Shares of Mid-America Apartment Communities stock opened at $116.50 on Wednesday. The firm’s 50 day simple moving average is $124.11 and its two-hundred day simple moving average is $129.12. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 34.07 and a beta of 0.75. Mid-America Apartment Communities has a 12-month low of $113.95 and a 12-month high of $144.41. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million during the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts predict that Mid-America Apartment Communities will post 8.51 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 178.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC grew its position in Mid-America Apartment Communities by 593.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares during the period. Raiffeisen Bank International AG lifted its holdings in shares of Mid-America Apartment Communities by 116.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 119 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at about $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $37,000. Finally, Root Financial Partners LLC boosted its stake in shares of Mid-America Apartment Communities by 3,100.0% in the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 279 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

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.