Mid-America Apartment Communities (NYSE:MAA) Sets New 12-Month Low – Here’s What Happened

Mid-America Apartment Communities, Inc. (NYSE:MAA) reached a new 52-week low during trading on Wednesday. The stock traded as low as $114.19 and last traded at $114.2840, with a volume of 1208758 shares traded. The stock had previously closed at $116.99.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on Mid-America Apartment Communities from $143.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, September 2nd. UBS Group reiterated a “hold” rating and issued a $129.00 price target (down from $132.00) on shares of Mid-America Apartment Communities in a research report on Tuesday, September 15th. Finally, 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. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $142.31.

Mid-America Apartment Communities Trading Down 2.3%

The business’s 50-day simple moving average is $127.00 and its 200-day simple moving average is $129.51. The company has a market cap of $13.26 billion, a PE ratio of 33.42 and a beta of 0.75. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $1.32. The firm had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company 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, Inc. will post 8.51 EPS for the current fiscal 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. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $6.12 dividend on an annualized basis and a yield of 5.4%. Mid-America Apartment Communities’s dividend payout ratio is 178.95%.

Institutional Investors Weigh In On Mid-America Apartment Communities

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Mid-America Apartment Communities during the 2nd quarter worth $1,820,661,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Mid-America Apartment Communities during the 2nd quarter worth about $175,377,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Mid-America Apartment Communities by 15,892.5% during 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 worth $169,649,000 after purchasing an additional 1,213,390 shares during the last quarter. Legal & General Group Plc acquired a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $155,052,000. Finally, Bank of America Corp DE bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $113,695,000. Institutional investors and hedge funds 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.