Barclays Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $155.00

Mid-America Apartment Communities (NYSE:MAA) had its price objective lowered by Barclays from $156.00 to $155.00 in a research report released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada reduced their price target on Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Evercore ISI increased their price target on Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Raymond James Financial cut Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. Piper Sandler cut their price objective on Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Finally, BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $161.78.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $136.20 on Tuesday. The stock has a 50 day moving average price of $142.15 and a 200 day moving average price of $151.01. Mid-America Apartment Communities has a 52 week low of $136.07 and a 52 week high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $15.94 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The firm had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $552.19 million. During the same period in the prior year, the firm posted $2.22 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. Analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio is presently 124.69%.

Institutional Trading of Mid-America Apartment Communities

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Mid-America Apartment Communities by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock valued at $32,214,000 after purchasing an additional 2,800 shares during the period. Aurora Investment Counsel bought a new stake in Mid-America Apartment Communities in the 1st quarter valued at $1,929,000. Summit Trail Advisors LLC boosted its stake in Mid-America Apartment Communities by 106.9% in the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 2,274 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Mid-America Apartment Communities by 92.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock valued at $4,715,000 after purchasing an additional 13,482 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Mid-America Apartment Communities by 1.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust’s stock valued at $60,708,000 after purchasing an additional 5,650 shares during the period. 93.60% of the stock is currently owned by institutional investors.

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.