Zacks Research Analysts Reduce Earnings Estimates for MAA

Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) - Stock analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Mid-America Apartment Communities in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings of $2.23 per share for the quarter, down from their prior estimate of $2.24. The consensus estimate for Mid-America Apartment Communities' current full-year earnings is $8.88 per share. Zacks Research also issued estimates for Mid-America Apartment Communities' Q1 2025 earnings at $2.20 EPS, Q2 2025 earnings at $2.20 EPS, Q3 2025 earnings at $2.23 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.90 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.33 EPS and FY2026 earnings at $9.25 EPS.

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

Several other brokerages have also recently issued reports on MAA. StockNews.com cut Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. Bank of America raised Mid-America Apartment Communities from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. Wedbush boosted their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Finally, Truist Financial raised their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $161.64.

Mid-America Apartment Communities Stock Up 1.6 %

Mid-America Apartment Communities stock traded up $2.51 during mid-day trading on Friday, reaching $161.04. 238,013 shares of the company's stock were exchanged, compared to its average volume of 745,755. The company has a fifty day moving average of $156.87 and a 200-day moving average of $148.77. The company has a market cap of $18.82 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.55 and a beta of 0.88. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. Mid-America Apartment Communities has a twelve month low of $121.38 and a twelve month high of $167.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $25,000. EdgeRock Capital LLC acquired a new position in Mid-America Apartment Communities during the second quarter worth about $26,000. Versant Capital Management Inc increased its holdings in Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 215 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $32,000. Finally, UMB Bank n.a. boosted its stake in shares of Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $1.47 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.65%. Mid-America Apartment Communities's payout ratio is currently 132.73%.

Mid-America Apartment Communities Company Profile

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.