Wedbush Has Pessimistic Outlook of MAA FY2025 Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) - Analysts at Wedbush decreased their FY2025 earnings per share estimates for shares of Mid-America Apartment Communities in a research report issued on Monday, February 10th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $8.78 per share for the year, down from their prior forecast of $8.80. The consensus estimate for Mid-America Apartment Communities' current full-year earnings is $8.86 per share. Wedbush also issued estimates for Mid-America Apartment Communities' FY2026 earnings at $9.18 EPS.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $173.00 to $182.00 in a report on Friday. StockNews.com upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Evercore ISI lifted their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities has an average rating of "Moderate Buy" and an average price target of $166.45.

Mid-America Apartment Communities Trading Up 0.0 %

Shares of MAA stock traded up $0.06 during trading hours on Wednesday, reaching $157.05. The company had a trading volume of 688,416 shares, compared to its average volume of 713,010. The company has a 50 day moving average of $153.27 and a 200 day moving average of $155.70. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.09. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 2.56 and a beta of 0.91. Mid-America Apartment Communities has a 1-year low of $123.23 and a 1-year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its position in Mid-America Apartment Communities by 14.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 42,616 shares of the real estate investment trust's stock worth $6,587,000 after buying an additional 5,370 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Mid-America Apartment Communities during the 4th quarter worth $699,000. Lido Advisors LLC increased its position in Mid-America Apartment Communities by 90.9% during the 4th quarter. Lido Advisors LLC now owns 3,142 shares of the real estate investment trust's stock worth $486,000 after buying an additional 1,496 shares during the period. Northern Trust Corp increased its position in Mid-America Apartment Communities by 33.3% during the 4th quarter. Northern Trust Corp now owns 1,863,408 shares of the real estate investment trust's stock worth $288,027,000 after buying an additional 465,414 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in Mid-America Apartment Communities during the 4th quarter worth $617,000. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $1.515 per share. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.06 annualized dividend and a yield of 3.86%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 135.27%.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.