Mid-America Apartment Communities (NYSE:MAA) Stock Gets Price Target Reduction from Wells Fargo & Company

Mid-America Apartment Communities (NYSE:MAA) had its price target cut by Wells Fargo & Company from $146.00 to $131.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other analysts have also recently issued reports on the company. Jefferies Financial Group raised Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. KeyCorp reiterated an “overweight” rating on shares of Mid-America Apartment Communities in a report on Tuesday, September 29th. Royal Bank Of Canada lowered their price target on Mid-America Apartment Communities from $138.00 to $127.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th. Truist Financial dropped their price objective on Mid-America Apartment Communities from $146.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Finally, Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $137.82.

Mid-America Apartment Communities Price Performance

MAA opened at $117.62 on Monday. The firm has a market capitalization of $13.65 billion, a P/E ratio of 34.39 and a beta of 0.75. The stock has a fifty day moving average of $123.20 and a 200-day moving average of $129.04. The company has a quick ratio of 0.09, a current 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.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly 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. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. The business had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same quarter in the previous year, the company posted $2.15 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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. Equities analysts forecast that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a $1.53 dividend. The ex-dividend date is Thursday, October 15th. This represents a $6.12 dividend on an annualized basis and a yield of 5.2%. Mid-America Apartment Communities’s dividend payout ratio is currently 178.95%.

Hedge Funds Weigh In On Mid-America Apartment Communities

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Mid-America Apartment Communities in the second quarter worth about $1,820,661,000. Dimensional Fund Advisors LP increased its holdings in shares of Mid-America Apartment Communities by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust’s stock valued at $216,450,000 after acquiring an additional 63,519 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Mid-America Apartment Communities by 15,892.5% during 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 valued at $169,649,000 after acquiring an additional 1,213,390 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $155,052,000. 93.60% of the stock is owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.