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

Mid-America Apartment Communities (NYSE:MAA) had its price target trimmed by Barclays from $146.00 to $136.00 in a report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

MAA has been the topic of several other research reports. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, September 2nd. Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. UBS Group restated a “hold” rating and issued a $129.00 price objective (down from $132.00) on shares of Mid-America Apartment Communities in a research note on Tuesday, September 15th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Mid-America Apartment Communities in a report on Thursday, August 27th. Finally, Scotiabank decreased their price objective on shares of Mid-America Apartment Communities from $134.00 to $125.00 and set a “sector underperform” rating for the company in a report on Thursday, September 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and an average price target of $139.56.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $116.50 on Wednesday. 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 firm has a market cap of $13.52 billion, a price-to-earnings ratio of 34.07 and a beta of 0.75. The business’s 50-day simple moving average is $124.11 and its 200-day simple moving average is $129.12. Mid-America Apartment Communities has a 52 week low of $113.95 and a 52 week high of $144.41.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $555.13 million for the quarter, compared to the consensus estimate of $556.18 million. During the same period last year, the business earned $2.15 EPS. The firm’s revenue 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. As a group, equities research analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $1.53 dividend. The ex-dividend date is Thursday, October 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 5.3%. Mid-America Apartment Communities’s payout ratio is presently 178.95%.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds have recently added to or reduced their stakes in the business. Values First Advisors Inc. boosted its stake in 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 period. World Investment Advisors grew its holdings in Mid-America Apartment Communities by 5.3% in the 1st 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 last quarter. Raiffeisen Bank International AG increased its position in Mid-America Apartment Communities by 116.7% in the 2nd 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 period. Apollon Wealth Management LLC increased its position in Mid-America Apartment Communities by 7.3% in the 1st quarter. Apollon Wealth Management LLC now owns 2,026 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 138 shares during the period. Finally, IRON Financial LLC increased its position in Mid-America Apartment Communities by 9.2% in the 1st quarter. IRON Financial LLC now owns 1,691 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 143 shares during the period. Institutional investors own 93.60% of the company’s stock.

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.