Mid-America Apartment Communities (NYSE:MAA) Cut to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered shares of Mid-America Apartment Communities (NYSE:MAA – Free Report) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Several other research firms have also recently weighed in on MAA. Cantor Fitzgerald restated a “neutral” rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. JPMorgan Chase & Co. assumed coverage on Mid-America Apartment Communities in a research note on Thursday, July 16th. They issued a “neutral” rating and a $147.00 target price for the company. UBS Group restated a “hold” rating and set a $129.00 target price (down from $132.00) on shares of Mid-America Apartment Communities in a research report on Tuesday, September 15th. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $148.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Finally, BNP Paribas Exane upgraded Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $142.31.

Read Our Latest Stock Report on Mid-America Apartment Communities

Mid-America Apartment Communities Stock Down 0.1%

Shares of NYSE:MAA opened at $118.27 on Friday. 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 firm has a market cap of $13.72 billion, a P/E ratio of 34.58 and a beta of 0.73. Mid-America Apartment Communities has a 12 month low of $116.67 and a 12 month high of $144.41. The company’s 50-day moving average price is $128.96 and its two-hundred day moving average price is $129.94.

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company had revenue of $555.13 million during the quarter, compared to the consensus estimate of $556.18 million. During the same period in the previous year, the firm posted $2.15 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. 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, research analysts forecast that Mid-America Apartment Communities will post 8.51 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $1.53 per share. The ex-dividend date is Thursday, October 15th. This represents a $6.12 annualized dividend and a dividend yield of 5.2%. Mid-America Apartment Communities’s payout ratio is presently 178.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $1,820,661,000. Hsbc Holdings PLC grew its position in shares of Mid-America Apartment Communities by 19.9% in the 2nd quarter. Hsbc Holdings PLC now owns 527,345 shares of the real estate investment trust’s stock valued at $73,371,000 after purchasing an additional 87,523 shares during the period. Norges Bank bought a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $750,603,000. Nomura Asset Management Co. Ltd. increased its stake in Mid-America Apartment Communities by 4.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 216,565 shares of the real estate investment trust’s stock worth $30,083,000 after purchasing an additional 8,724 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Mid-America Apartment Communities by 29.5% during the 4th quarter. BNP Paribas Financial Markets now owns 246,786 shares of the real estate investment trust’s stock worth $34,281,000 after buying an additional 56,224 shares during the period. 93.60% of the stock is currently owned by institutional investors.

About Mid-America Apartment Communities

(Get Free Report)

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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