Mid-America Apartment Communities (NYSE:MAA) Reaches New 12-Month Low – Here’s What Happened

Mid-America Apartment Communities, Inc. (NYSE:MAA)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as $117.71 and last traded at $117.8280, with a volume of 1559415 shares trading hands. The stock had previously closed at $119.15.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MAA. Barclays lowered their price objective on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Weiss Ratings raised shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Scotiabank reduced their price target on shares of Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating for the company in a report on Thursday, September 17th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Finally, BNP Paribas Exane upgraded shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $142.31.

Mid-America Apartment Communities Stock Performance

The company has a market cap of $13.74 billion, a PE ratio of 34.63 and a beta of 0.73. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $129.27 and its two-hundred day simple moving average is $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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $556.18 million. During the same quarter last year, the company posted $2.15 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. 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. As a group, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s payout ratio is presently 178.95%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Mid-America Apartment Communities during the 2nd quarter valued at approximately $1,820,661,000. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter worth $750,603,000. Geode Capital Management LLC increased its stake in shares of Mid-America Apartment Communities by 1.2% in the fourth 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 during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 position in shares of Mid-America Apartment Communities during the second quarter worth $175,377,000. 93.60% of the stock is 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.