Mid-America Apartment Communities (NYSE:MAA) Releases Earnings Results, Beats Estimates By $1.19 EPS

Mid-America Apartment Communities (NYSE:MAA) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19, Zacks reports. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Mid-America Apartment Communities updated its Q1 2025 guidance to 2.080-2.240 EPS and its FY 2025 guidance to 8.610-8.930 EPS.

Mid-America Apartment Communities Price Performance

Shares of MAA traded down $0.54 during trading hours on Friday, hitting $158.33. 392,714 shares of the stock were exchanged, compared to its average volume of 704,920. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a 12-month low of $121.51 and a 12-month high of $167.39. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. The stock’s 50-day moving average price is $153.77 and its two-hundred day moving average price is $155.12.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.83%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is presently 136.79%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAA. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. BMO Capital Markets cut their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Barclays cut their price target on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, January 10th. Finally, Evercore ISI began coverage on Mid-America Apartment Communities in a research note on Friday, January 24th. They set an “inline” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.00.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.