Wedbush Has Negative Outlook for MAA Q4 Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) - Wedbush dropped their Q4 2024 earnings per share (EPS) estimates for Mid-America Apartment Communities in a research report issued to clients and investors on Wednesday, November 6th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $2.23 for the quarter, down from their previous estimate of $2.26. Wedbush currently has a "Outperform" rating and a $184.00 price target on the stock. The consensus estimate for Mid-America Apartment Communities' current full-year earnings is $8.88 per share. Wedbush also issued estimates for Mid-America Apartment Communities' FY2025 earnings at $8.99 EPS.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The firm had revenue of $551.13 million for the quarter, compared to analyst estimates of $548.53 million. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The firm's quarterly revenue was up 1.7% compared to the same quarter last year.

Several other research firms have also issued reports on MAA. BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a "neutral" rating and a $169.00 price objective for the company. Raymond James raised Mid-America Apartment Communities from a "market perform" rating to a "strong-buy" rating and set a $175.00 price target for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a "hold" rating in a report on Tuesday, September 10th. JMP Securities boosted their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a "market outperform" rating in a report on Friday, August 2nd. Finally, UBS Group increased their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a "sell" rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and a consensus price target of $161.69.

Mid-America Apartment Communities Stock Up 0.7 %

NYSE MAA traded up $1.10 during trading on Thursday, reaching $154.69. The company's stock had a trading volume of 426,535 shares, compared to its average volume of 754,361. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $18.08 billion, a PE ratio of 34.92, a PEG ratio of 2.45 and a beta of 0.88. Mid-America Apartment Communities has a 1-year low of $118.72 and a 1-year high of $167.39. The business has a 50-day moving average price of $157.59 and a 200-day moving average price of $146.74.

Institutional Trading of Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAA. Quest Partners LLC bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $164,000. Swiss National Bank boosted its stake in Mid-America Apartment Communities by 0.3% in the 3rd quarter. Swiss National Bank now owns 346,676 shares of the real estate investment trust's stock valued at $55,087,000 after buying an additional 1,100 shares in the last quarter. Natixis Advisors LLC grew its position in Mid-America Apartment Communities by 194.4% in the third quarter. Natixis Advisors LLC now owns 98,193 shares of the real estate investment trust's stock valued at $15,603,000 after acquiring an additional 64,839 shares during the period. Empowered Funds LLC raised its stake in Mid-America Apartment Communities by 39.5% during the third quarter. Empowered Funds LLC now owns 2,624 shares of the real estate investment trust's stock worth $417,000 after acquiring an additional 743 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Mid-America Apartment Communities by 7.6% during the third quarter. CIBC Asset Management Inc now owns 17,546 shares of the real estate investment trust's stock valued at $2,788,000 after acquiring an additional 1,240 shares during the period. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a dividend of $1.47 per share. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.80%. Mid-America Apartment Communities's dividend payout ratio is currently 132.73%.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.