Mid-America Apartment Communities (NYSE:MAA) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Jefferies Financial Group upgraded shares of Mid-America Apartment Communities (NYSE:MAA) to a strong-buy rating in a research note released on Friday,Zacks.com reports.

MAA has been the topic of a number of other research reports. Mizuho upped their target price on Mid-America Apartment Communities from $148.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Barclays upped their price target on shares of Mid-America Apartment Communities from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Scotiabank lifted their price objective on shares of Mid-America Apartment Communities from $120.00 to $129.00 and gave the company a “sector underperform” rating in a report on Thursday, June 18th. Morgan Stanley lifted their price objective on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.69.

Mid-America Apartment Communities Stock Up 2.0%

Shares of MAA opened at $140.84 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 42.68 and a beta of 0.76. Mid-America Apartment Communities has a 1 year low of $120.30 and a 1 year high of $153.93. The business’s 50 day simple moving average is $131.35 and its 200-day simple moving average is $131.75.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The firm had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. During the same period last year, the firm posted $2.20 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up .8% compared to the same quarter last year. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. As a group, equities analysts expect that Mid-America Apartment Communities will post 8.5 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $1.53 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.3%. Mid-America Apartment Communities’s payout ratio is presently 185.45%.

Insider Buying and Selling

In related news, EVP Amber Fairbanks sold 711 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the completion of the transaction, the executive vice president owned 4,471 shares in the company, valued at $557,667.83. The trade was a 13.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tamara D. Fischer bought 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, with a total value of $141,405.00. Following the transaction, the director directly owned 1,100 shares of the company’s stock, valued at $141,405. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 1,039 shares of company stock worth $129,594. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quinn Opportunity Partners LLC increased its position in shares of Mid-America Apartment Communities by 97.5% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 199,500 shares of the real estate investment trust’s stock valued at $27,876,000 after acquiring an additional 98,500 shares during the period. Algebris UK Ltd. lifted its position in Mid-America Apartment Communities by 27.5% during the 4th quarter. Algebris UK Ltd. now owns 132,098 shares of the real estate investment trust’s stock worth $18,358,000 after acquiring an additional 28,528 shares during the period. BNP Paribas Financial Markets grew its stake in Mid-America Apartment Communities by 29.5% during the 4th quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock valued at $34,281,000 after purchasing an additional 56,224 shares during the last quarter. Symmetry Partners LLC purchased a new stake in Mid-America Apartment Communities during the 4th quarter valued at about $1,126,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Mid-America Apartment Communities by 4.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock valued at $30,083,000 after purchasing an additional 8,724 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Company Profile

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.