Mid-America Apartment Communities (NYSE:MAA) Stock Moved Down to “Sell” by Wall Street Zen

Wall Street Zen lowered shares of Mid-America Apartment Communities (NYSE:MAA) from a hold rating to a sell rating in a research report released on Sunday,Wall Street Zen reports.

MAA has been the subject of several other research reports. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, September 2nd. Morgan Stanley cut their target price on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Piper Sandler decreased their target price on shares of Mid-America Apartment Communities from $140.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. UBS Group lowered their price target on shares of Mid-America Apartment Communities from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. Finally, Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $137.82.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $119.76 on Friday. Mid-America Apartment Communities has a 12-month low of $113.95 and a 12-month high of $144.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The business’s 50-day moving average price is $122.67 and its two-hundred day moving average price is $128.98. The stock has a market cap of $13.89 billion, a PE ratio of 35.02 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $0.76 by $1.32. The firm had revenue of $555.13 million during the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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, analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $1.53 per share. This represents a $6.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Thursday, October 15th. Mid-America Apartment Communities’s payout ratio is 178.95%.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors have recently modified their holdings of MAA. BlackRock Inc. bought a new position in Mid-America Apartment Communities during the 2nd quarter worth approximately $1,820,661,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter worth approximately $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Mid-America Apartment Communities by 15,892.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,221,025 shares of the real estate investment trust’s stock valued at $169,649,000 after purchasing an additional 1,213,390 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at $155,052,000. Finally, Bank of America Corp DE bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at $113,695,000. 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 real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.