Mid-America Apartment Communities (NYSE:MAA) Stock Moved Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Mid-America Apartment Communities (NYSE:MAA) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Other analysts have also issued research reports about the company. Piper Sandler cut their price objective on Mid-America Apartment Communities from $140.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, October 12th. UBS Group lowered their target price on Mid-America Apartment Communities from $129.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Barclays dropped their target price on Mid-America Apartment Communities from $146.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, September 2nd. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, 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%

NYSE:MAA opened at $116.50 on Friday. 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 has a 12 month low of $113.95 and a 12 month high of $144.41. The company has a market cap of $13.52 billion, a PE ratio of 34.07 and a beta of 0.75. The company has a 50 day simple moving average of $124.11 and a two-hundred day simple moving average of $129.12.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. The business had revenue of $555.13 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 EPS. 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 forecast that Mid-America Apartment Communities will post 8.51 earnings per share 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. Shareholders of record on Thursday, October 15th will be issued a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 178.95%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $1,820,661,000. Dimensional Fund Advisors LP increased its stake in shares of Mid-America Apartment Communities by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust’s stock worth $216,450,000 after purchasing an additional 63,519 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Mid-America Apartment Communities by 15,892.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust’s stock worth $169,649,000 after purchasing an additional 1,213,390 shares during the period. Finally, Legal & General Group Plc bought a new position in Mid-America Apartment Communities in the 2nd quarter worth $155,052,000. 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 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.