Mid-America Apartment Communities (NYSE:MAA) Issues Earnings Results

Mid-America Apartment Communities (NYSE:MAA) released its quarterly earnings results on Wednesday. The real estate investment trust reported $2.13 earnings per share for the quarter, beating the consensus estimate of $0.83 by $1.30, Briefing.com reports. The firm had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.54% and a net margin of 17.60%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 EPS. Mid-America Apartment Communities updated its Q2 2026 guidance to 2.000-2.120 EPS and its FY 2026 guidance to 8.370-8.690 EPS.

Mid-America Apartment Communities Trading Down 0.2%

Shares of MAA traded down $0.30 during trading hours on Friday, hitting $128.88. The company had a trading volume of 457,482 shares, compared to its average volume of 978,161. Mid-America Apartment Communities has a 52-week low of $120.30 and a 52-week high of $169.00. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average price is $127.39 and its 200 day moving average price is $131.58. The firm has a market cap of $15.07 billion, a P/E ratio of 39.05 and a beta of 0.80.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were paid a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 161.90%.

Insiders Place Their Bets

In related news, EVP Amber Fairbanks sold 711 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $124.73, for a total transaction of $88,683.03. Following the transaction, the executive vice president directly owned 4,471 shares in the company, valued at $557,667.83. This trade represents a 13.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,039 shares of company stock worth $129,594. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC boosted its position in shares of Mid-America Apartment Communities by 3.8% in the fourth quarter. Empowered Funds LLC now owns 3,104 shares of the real estate investment trust’s stock worth $431,000 after purchasing an additional 113 shares during the period. GeoWealth Management LLC increased its stake in Mid-America Apartment Communities by 3.3% in the 3rd quarter. GeoWealth Management LLC now owns 3,575 shares of the real estate investment trust’s stock worth $500,000 after buying an additional 115 shares in the last quarter. Quarry LP raised its holdings in Mid-America Apartment Communities by 40.9% during the third quarter. Quarry LP now owns 410 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 119 shares during the period. Inspire Investing LLC lifted its position in shares of Mid-America Apartment Communities by 6.3% in the fourth quarter. Inspire Investing LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 139 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of Mid-America Apartment Communities by 13.4% in the fourth quarter. Principal Securities Inc. now owns 1,554 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MAA shares. Wall Street Zen raised shares of Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Colliers Securities downgraded shares of Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a report on Monday, February 9th. BTIG Research cut their target price on shares of Mid-America Apartment Communities from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Truist Financial reduced their target price on Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Finally, Scotiabank dropped their price target on Mid-America Apartment Communities from $140.00 to $138.00 and set a “sector perform” rating for the company in a research note on Monday, March 23rd. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $148.44.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.