Mid-America Apartment Communities (NYSE:MAA) Stock Bumped Down to Sell by Wall Street Zen

Wall Street Zen cut shares of Mid-America Apartment Communities (NYSE:MAA) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

MAA has been the subject of several other reports. UBS Group reissued a “hold” rating and set a $129.00 target price (down from $132.00) on shares of Mid-America Apartment Communities in a research note on Tuesday, September 15th. Morgan Stanley reduced their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. BNP Paribas Exane raised Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Piper Sandler cut their target price on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $142.31.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $118.43 on Friday. 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 52 week low of $116.67 and a 52 week high of $144.41. The stock has a market capitalization of $13.74 billion, a PE ratio of 34.63 and a beta of 0.73. The firm has a 50 day moving average of $129.27 and a two-hundred day moving average of $130.03.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business had revenue of $555.13 million during the quarter, compared to the consensus estimate of $556.18 million. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The company’s quarterly revenue 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. On average, research analysts predict that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced 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. This represents a $6.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is 178.95%.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth about $1,820,661,000. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth about $750,603,000. Geode Capital Management LLC raised its position in shares of Mid-America Apartment Communities by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,423,986 shares of the real estate investment trust’s stock worth $473,977,000 after acquiring an additional 40,028 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Mid-America Apartment Communities by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,772,445 shares of the real estate investment trust’s stock worth $216,450,000 after purchasing an additional 63,519 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Mid-America Apartment Communities during the second quarter worth approximately $175,377,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.