Mid-America Apartment Communities (NYSE:MAA) Hits New 52-Week Low – What’s Next?

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) reached a new 52-week low on Wednesday. The company traded as low as $114.19 and last traded at $114.2840, with a volume of 1208758 shares trading hands. The stock had previously closed at $116.99.

Analysts Set New Price Targets

MAA has been the topic of a number of recent analyst reports. UBS Group restated a “hold” rating and set a $129.00 target price (down from $132.00) on shares of Mid-America Apartment Communities in a report on Tuesday, September 15th. Piper Sandler reduced their price objective 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. KeyCorp restated an “overweight” rating on shares of Mid-America Apartment Communities in a report on Tuesday, September 29th. Truist Financial lowered their target price on shares of Mid-America Apartment Communities from $146.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Finally, Wall Street Zen cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $142.31.

Mid-America Apartment Communities Stock Down 2.3%

The firm’s 50-day simple moving average is $127.00 and its 200 day simple moving average is $129.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $13.26 billion, a P/E ratio of 33.42 and a beta of 0.75.

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 for the quarter, beating the consensus estimate of $0.76 by $1.32. The business had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period last 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. As a group, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.51 EPS for the current 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 dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 5.4%. Mid-America Apartment Communities’s payout ratio is presently 178.95%.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAA. Values First Advisors Inc. increased its position in shares of Mid-America Apartment Communities by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 15,472 shares of the real estate investment trust’s stock valued at $1,889,000 after purchasing an additional 82 shares during the last quarter. World Investment Advisors grew its position in Mid-America Apartment Communities by 5.3% during the first quarter. World Investment Advisors now owns 2,174 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 110 shares during the period. Hurley Capital LLC grew its position in Mid-America Apartment Communities by 70.4% during the fourth quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 112 shares during the period. Raiffeisen Bank International AG increased its holdings in Mid-America Apartment Communities by 116.7% during the second quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 119 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in Mid-America Apartment Communities by 7.3% in the first quarter. Apollon Wealth Management LLC now owns 2,026 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 138 shares during the period. 93.60% of the stock is 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 focused on the ownership, operation and management of multifamily apartment communities. The company generates revenue primarily by leasing residential apartment homes to individuals and families.

MAA’s portfolio is concentrated in the southeastern and southwestern United States, with communities serving markets across the Sun Belt, including states such as Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina and Virginia.