Truist Financial Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $136.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective decreased by Truist Financial from $142.00 to $136.00 in a research note published on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets raised shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $158.00 in a research report on Friday, January 9th. Cantor Fitzgerald upped their target price on Mid-America Apartment Communities from $137.00 to $141.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Royal Bank Of Canada decreased their price target on Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Morgan Stanley dropped their price target on Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Finally, Mizuho boosted their price objective on Mid-America Apartment Communities from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $149.74.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $124.89 on Tuesday. The company has a fifty day moving average price of $130.55 and a 200-day moving average price of $133.27. The firm has a market cap of $14.60 billion, a price-to-earnings ratio of 33.04 and a beta of 0.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities has a 1 year low of $120.30 and a 1 year high of $169.00.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The firm had revenue of $555.56 million for the quarter, compared to the consensus estimate of $556.80 million. During the same period in the previous year, the business earned $2.23 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. 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. As a group, equities research analysts predict that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a $1.53 dividend. This represents a $6.12 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 161.90%.

Insider Activity

In other news, EVP Amber Fairbanks sold 233 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the transaction, the executive vice president owned 3,799 shares of the company’s stock, valued at $518,563.50. This represents a 5.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 653 shares of company stock valued at $88,662 in the last 90 days. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAA. Norges Bank bought a new position in Mid-America Apartment Communities during the fourth quarter worth about $750,603,000. Viking Global Investors LP purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Mid-America Apartment Communities by 621.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock valued at $168,805,000 after purchasing an additional 1,040,525 shares during the period. Millennium Management LLC lifted its stake in shares of Mid-America Apartment Communities by 3,129.2% during the 4th quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock valued at $102,525,000 after buying an additional 715,209 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Mid-America Apartment Communities by 461.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock valued at $106,777,000 after buying an additional 593,020 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

About Mid-America Apartment Communities

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.