Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Has Average Price Target of $142.31 According to Brokerages

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) have earned an average recommendation of “Hold” from the twenty research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $142.31.

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. started coverage on Mid-America Apartment Communities in a research report on Thursday, July 16th. They set a “neutral” rating and a $147.00 target price for the company. Citigroup restated a “market outperform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, September 2nd. Piper Sandler cut their price objective on shares of Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Barclays reduced their price objective on shares of Mid-America Apartment Communities from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Finally, Truist Financial decreased their target price on shares of 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.

Mid-America Apartment Communities Stock Performance

MAA opened at $117.26 on Tuesday. The business’s 50-day moving average price is $129.56 and its two-hundred day moving average price is $130.12. Mid-America Apartment Communities has a 1 year low of $116.68 and a 1 year high of $144.41. The company has a market capitalization of $13.60 billion, a price-to-earnings ratio of 34.29 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 6.99% and a net margin of 18.17%.Mid-America Apartment Communities’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts expect that Mid-America Apartment Communities will post 8.51 EPS 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, October 30th. Investors of record on Thursday, October 15th will be paid a $1.53 dividend. This represents a $6.12 dividend on an annualized basis 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 (DPR) is 178.95%.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors and hedge funds have recently modified their holdings of MAA. QRG Capital Management Inc. raised its holdings in Mid-America Apartment Communities by 11.8% in the 2nd quarter. QRG Capital Management Inc. now owns 19,034 shares of the real estate investment trust’s stock valued at $2,645,000 after buying an additional 2,003 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Mid-America Apartment Communities by 8.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,506 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 288 shares during the period. Sequoia Financial Advisors LLC raised its position in Mid-America Apartment Communities by 89.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,177 shares of the real estate investment trust’s stock worth $580,000 after purchasing an additional 1,973 shares during the last quarter. National Pension Service grew its position in shares of Mid-America Apartment Communities by 18.2% in the 2nd quarter. National Pension Service now owns 10,318 shares of the real estate investment trust’s stock valued at $1,434,000 after buying an additional 1,591 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Mid-America Apartment Communities by 93.1% in the second quarter. Integrated Wealth Concepts LLC now owns 11,812 shares of the real estate investment trust’s stock valued at $1,641,000 after buying an additional 5,694 shares during the period. 93.60% of the stock is currently owned by institutional investors.

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.