Mid-America Apartment Communities (NYSE:MAA) Stock Gets Price Target Cut from Piper Sandler

Mid-America Apartment Communities (NYSE:MAA) had its price objective reduced by Piper Sandler from $140.00 to $121.00 in a report issued on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. began coverage on Mid-America Apartment Communities in a report on Thursday, July 16th. They set a “neutral” rating and a $147.00 target price on the stock. Weiss Ratings downgraded Mid-America Apartment Communities from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. UBS Group reaffirmed a “hold” rating and set a $129.00 price target (down from $132.00) on shares of Mid-America Apartment Communities in a report on Tuesday, September 15th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Finally, Jefferies Financial Group raised shares of Mid-America Apartment Communities to a “hold” rating in a research report on Wednesday, July 22nd. 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, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus price target of $139.56.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $115.63 on Monday. The business’s 50 day moving average price is $124.82 and its two-hundred day moving average price is $129.24. The company has a market cap of $13.42 billion, a PE ratio of 33.81 and a beta of 0.75. 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 twelve month low of $113.95 and a twelve month high of $144.41.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. The firm had revenue of $555.13 million for the quarter, compared to analyst estimates of $556.18 million. During the same quarter in the prior year, the company earned $2.15 earnings per share. The business’s revenue for the quarter 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, analysts predict that Mid-America Apartment Communities will post 8.51 EPS 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 issued a $1.53 dividend. This represents a $6.12 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 178.95%.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds have recently bought and sold shares of the stock. Columbus Macro LLC grew its position in shares of Mid-America Apartment Communities by 5.7% in the third quarter. Columbus Macro LLC now owns 78,899 shares of the real estate investment trust’s stock valued at $9,290,000 after purchasing an additional 4,290 shares during the last quarter. Baker Ellis Asset Management LLC increased its stake in shares of Mid-America Apartment Communities by 0.4% during the third quarter. Baker Ellis Asset Management LLC now owns 53,443 shares of the real estate investment trust’s stock worth $6,292,000 after purchasing an additional 216 shares during the period. Lincoln Capital Corp increased its stake in shares of Mid-America Apartment Communities by 63.9% during the third quarter. Lincoln Capital Corp now owns 12,107 shares of the real estate investment trust’s stock worth $1,425,000 after purchasing an additional 4,721 shares during the period. Steel Grove Capital Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 27.0% during the third quarter. Steel Grove Capital Advisors LLC now owns 6,397 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 1,359 shares during the period. Finally, Pacifica Partners Inc. lifted its holdings in Mid-America Apartment Communities by 34.4% during the 3rd quarter. Pacifica Partners Inc. now owns 15,550 shares of the real estate investment trust’s stock worth $1,810,000 after purchasing an additional 3,981 shares during the last quarter. 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 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.