Analysts Set Mid-America Apartment Communities, Inc. (NYSE:MAA) Price Target at $155.37

Mid-America Apartment Communities, Inc. (NYSE:MAA) has earned an average rating of “Hold” from the twenty-two brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $155.3684.

Several analysts recently issued reports on MAA shares. Barclays cut their target price on Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Wells Fargo & Company cut their price objective on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. BMO Capital Markets upgraded Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and upped their target price for the company from $150.00 to $158.00 in a report on Friday, January 9th. BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th.

Insider Transactions at Mid-America Apartment Communities

In other news, EVP Adrian Hill bought 758 shares of Mid-America Apartment Communities stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the acquisition, the executive vice president owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. The trade was a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the transaction, the executive vice president directly owned 49,745 shares of the company’s stock, valued at $6,876,251.35. This represents a 9.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 6,079 shares of company stock valued at $838,698. Insiders own 1.30% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently modified their holdings of MAA. Elevation Point Wealth Partners LLC bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities during the second quarter valued at approximately $26,000. Tobam purchased a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $26,000. Sound Income Strategies LLC lifted its holdings in shares of Mid-America Apartment Communities by 972.2% during the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 175 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $33,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Up 1.2%

Shares of Mid-America Apartment Communities stock opened at $137.06 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. Mid-America Apartment Communities has a 52-week low of $125.75 and a 52-week high of $173.38. The company’s 50 day moving average price is $134.75 and its 200-day moving average price is $138.55. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.90 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The firm had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. During the same period in the previous year, the company earned $2.21 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. Equities research analysts forecast that Mid-America Apartment Communities will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a yield of 4.5%. Mid-America Apartment Communities’s payout ratio is currently 129.66%.

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.