Mid-America Apartment Communities (MAA) Stock Price, News & Analysis

Company Overview

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. As of December 31, 2023, MAA had ownership interest in 102,662 apartment units, including communities currently in development, across 16 states and the District of Columbia.

Key Stats

• Today's Range: $159.14 to $161.22
• 50-Day Range: $149.17 to $166.65
• 52-Week Range: $121.38 to $167.39
• Volume: 507,143 shs
• Average Volume: 690,433 shs
• Market Capitalization: $18.81 billion
• P/E Ratio: 36.33
• Dividend Yield: 3.65%
• Price Target: $161.64
• Consensus Rating: Moderate Buy

Mid-America Apartment Communities Stock Analysis - MarketRank™

Mid-America Apartment Communities scored higher than 87% of companies evaluated by MarketBeat, and ranked 167th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Mid-America Apartment Communities has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 8 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Mid-America Apartment Communities has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 1.46%

Earnings Growth

Earnings for Mid-America Apartment Communities are expected to grow by 1.46% in the coming year, from $8.88 to $9.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mid-America Apartment Communities is 36.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.69.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mid-America Apartment Communities is 36.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 38.53.

Price to Earnings Growth Ratio

Mid-America Apartment Communities has a PEG Ratio of 2.55. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Mid-America Apartment Communities has a P/B Ratio of 3.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.54% of the outstanding shares of Mid-America Apartment Communities have been sold short.

Short Interest Ratio / Days to Cover

Mid-America Apartment Communities has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Mid-America Apartment Communities has recently increased by 2.06%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Mid-America Apartment Communities is a leading dividend payer. It pays a dividend yield of 3.71%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Mid-America Apartment Communities has been increasing its dividend for 15 years.

Dividend Coverage

The dividend payout ratio of Mid-America Apartment Communities is 132.73%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Mid-America Apartment Communities will have a dividend payout ratio of 65.26% next year. This indicates that Mid-America Apartment Communities will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -3.00

Percentage of Shares Shorted

2.54% of the outstanding shares of Mid-America Apartment Communities have been sold short.

Short Interest Ratio / Days to Cover

Mid-America Apartment Communities has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Mid-America Apartment Communities has recently increased by 2.06%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.80

News Sentiment

Mid-America Apartment Communities has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Mid-America Apartment Communities this week, compared to 9 articles on an average week.

Search Interest

Only 7 people have searched for MAA on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.

MarketBeat Follows

3 people have added Mid-America Apartment Communities to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Mid-America Apartment Communities insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.30% of the stock of Mid-America Apartment Communities is held by insiders.

Percentage Held by Institutions

93.60% of the stock of Mid-America Apartment Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MAA Stock Analysis - Frequently Asked Questions

How have MAA shares performed this year?

Mid-America Apartment Communities' stock was trading at $134.46 at the start of the year. Since then, MAA shares have increased by 19.7% and is now trading at $160.94.
View the best growth stocks for 2024 here.

How were Mid-America Apartment Communities' earnings last quarter?

Mid-America Apartment Communities, Inc. (NYSE:MAA) issued its quarterly earnings data on Wednesday, October, 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $2.18 by $1.20. The company's revenue for the quarter was up 1.7% compared to the same quarter last year.
Read the conference call transcript.

Who are Mid-America Apartment Communities' major shareholders?

Mid-America Apartment Communities' top institutional investors include State Street Corp (6.62%), FMR LLC (3.72%), Geode Capital Management LLC (2.69%) and Massachusetts Financial Services Co. MA (2.24%). Insiders that own company stock include H Eric Bolton Jr, Albert M Campbell III, Thomas L Grimes Jr, William Reid Sanders, Melanie Carpenter, Timothy Argo, Monica Houle Mcgurk and Robert J Delpriore.
View institutional ownership trends.

How do I buy shares of Mid-America Apartment Communities?

Shares of MAA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Mid-America Apartment Communities own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mid-America Apartment Communities investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 10/15/2024
• Last Earnings: 10/30/2024
• Dividend Payable: 10/31/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Residential REITs
• Current Symbol: NYSE:MAA
• CUSIP: 59522J10
• CIK: 912595
• Web: www.maac.com
• Phone: (866) 620-1130
• Fax: 901-682-6667
• Employees: 2,427
• Year Founded: 1977

Price Target and Rating

• Average Stock Price Target: $161.64
• High Stock Price Target: $189.00
• Low Stock Price Target: $130.00
• Potential Upside/Downside: +0.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 18 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.43
• Trailing P/E Ratio: 36.33
• Forward P/E Ratio: 18.12
• P/E Growth: 2.55
• Net Income: $552.81 million
• Net Margins: 23.84%
• Pretax Margin: 24.64%
• Return on Equity: 8.38%
• Return on Assets: 4.50%

Debt

• Debt-to-Equity Ratio: 0.80
• Current Ratio: 0.09
• Quick Ratio: 0.09

Sales & Book Value

• Annual Sales: $2.15 billion
• Price / Sales: 8.76
• Cash Flow: $9.78 per share
• Price / Cash Flow: 16.45
• Book Value: $52.46 per share
• Price / Book: 3.07

Miscellaneous

• Outstanding Shares: 116,880,000
• Free Float: 115,361,000
• Market Cap: $18.81 billion
• Optionable: Optionable
• Beta: 0.88