Mid-America Apartment Communities (NYSE:MAA) Upgraded at Wall Street Zen

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

Several other brokerages also recently weighed in on MAA. Wells Fargo & Company dropped their target price on shares of Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Truist Financial decreased their price target 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. Morgan Stanley decreased their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. KeyCorp restated an “overweight” rating on shares of Mid-America Apartment Communities in a research report on Tuesday, September 29th. Finally, Royal Bank Of Canada dropped their price objective 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. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.62.

Mid-America Apartment Communities Price Performance

NYSE MAA opened at $115.83 on Friday. Mid-America Apartment Communities has a 12 month low of $113.95 and a 12 month high of $144.41. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 33.87 and a beta of 0.75. The company’s 50 day moving average is $123.78 and its two-hundred day moving average is $129.13. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02.

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 the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 earnings per share. 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 will post 8.51 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business 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 $1.53 dividend. The ex-dividend date is Thursday, October 15th. This represents a $6.12 annualized dividend and a yield of 5.3%. Mid-America Apartment Communities’s payout ratio is presently 178.95%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Gold Investment Management Ltd. grew its stake in Mid-America Apartment Communities by 2.5% in the third quarter. Gold Investment Management Ltd. now owns 11,011 shares of the real estate investment trust’s stock worth $1,296,000 after purchasing an additional 267 shares in the last quarter. AlphaStar Capital Management LLC purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $387,000. Franchise GP Ltd purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth $71,000. V Square Quantitative Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 30.9% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,027 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 714 shares during the period. Finally, TT Capital Management LLC grew its position in shares of Mid-America Apartment Communities by 31.1% during the 3rd quarter. TT Capital Management LLC now owns 28,390 shares of the real estate investment trust’s stock worth $3,343,000 after buying an additional 6,735 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

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.