Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $148.00

Mid-America Apartment Communities (NYSE:MAA) had its target price upped by Wells Fargo & Company from $140.00 to $148.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

MAA has been the subject of several other research reports. Morgan Stanley increased their price target on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Barclays lifted their price objective on Mid-America Apartment Communities from $139.00 to $147.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Mizuho increased their target price on Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Scotiabank raised their target price on Mid-America Apartment Communities from $129.00 to $137.00 and gave the stock a “sector underperform” rating in a research report on Thursday, July 9th. Finally, Jefferies Financial Group downgraded Mid-America Apartment Communities from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $145.25.

Mid-America Apartment Communities Trading Up 0.8%

Shares of Mid-America Apartment Communities stock opened at $133.82 on Wednesday. Mid-America Apartment Communities has a 52-week low of $120.30 and a 52-week high of $152.35. The firm has a market capitalization of $15.58 billion, a PE ratio of 40.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13. The company’s fifty day moving average price is $134.76 and its two-hundred day moving average price is $131.86.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The company had revenue of $553.73 million during the quarter, compared to the consensus estimate of $555.75 million. During the same period last year, the firm earned $2.20 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. On average, analysts expect that Mid-America Apartment Communities will post 8.51 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $1.53 dividend. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, July 15th. Mid-America Apartment Communities’s payout ratio is presently 185.45%.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, Director Tamara D. Fischer acquired 1,100 shares of Mid-America Apartment Communities stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $128.55 per share, with a total value of $141,405.00. Following the completion of the purchase, the director owned 1,100 shares in the company, valued at $141,405. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Mid-America Apartment Communities in the fourth quarter worth about $750,603,000. Viking Global Investors LP acquired a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mid-America Apartment Communities by 621.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock valued at $168,805,000 after purchasing an additional 1,040,525 shares in the last quarter. Millennium Management LLC raised its position in Mid-America Apartment Communities by 3,129.2% in the 4th quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock worth $102,525,000 after purchasing an additional 715,209 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Mid-America Apartment Communities by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,030,848 shares of the real estate investment trust’s stock worth $282,105,000 after buying an additional 474,989 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

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.