Royal Bank Of Canada Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $136.00

Mid-America Apartment Communities (NYSE:MAA) had its target price reduced by Royal Bank Of Canada from $138.00 to $136.00 in a research report released on Friday,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

MAA has been the subject of several other research reports. Wells Fargo & Company reduced their price target on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Scotiabank lowered shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $146.00 to $142.00 in a research note on Friday, December 5th. BMO Capital Markets upgraded shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and upped their target price for the stock from $150.00 to $158.00 in a research report on Friday, January 9th. Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Truist Financial cut their price target on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $155.11.

Mid-America Apartment Communities Trading Up 1.1%

Mid-America Apartment Communities stock opened at $132.21 on Friday. The firm’s 50-day moving average is $135.10 and its 200-day moving average is $136.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.06 and a current ratio of 0.10. Mid-America Apartment Communities has a 1 year low of $125.75 and a 1 year high of $173.38. The company has a market cap of $15.48 billion, a P/E ratio of 34.98, a PEG ratio of 3.79 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). The business had revenue of $555.56 million for the quarter, compared to the consensus estimate of $556.80 million. Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. Mid-America Apartment Communities’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 EPS. Mid-America Apartment Communities has set its Q1 2026 guidance at 2.050-2.170 EPS and its FY 2026 guidance at 8.350-8.710 EPS. On average, equities analysts expect that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a $1.53 dividend. This represents a $6.12 annualized dividend and a yield of 4.6%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 161.90%.

Insider Transactions at Mid-America Apartment Communities

In related news, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the transaction, the executive vice president owned 49,745 shares in the company, valued at $6,876,251.35. This trade represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Adrian Hill acquired 758 shares of Mid-America Apartment Communities stock in a transaction on Friday, December 12th. The shares were purchased at an average cost of $131.83 per share, with a total value of $99,927.14. Following the completion of the purchase, the executive vice president directly owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. This represents a 1.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 6,079 shares of company stock valued at $838,698 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Appleton Partners Inc. MA bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $915,000. Norges Bank bought a new position in Mid-America Apartment Communities during the second quarter worth $795,893,000. Allworth Financial LP increased its holdings in shares of Mid-America Apartment Communities by 33.1% in the second quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock valued at $4,457,000 after purchasing an additional 7,481 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Mid-America Apartment Communities by 85.5% in the third quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 13,198 shares during the period. Finally, Barings LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at about $2,268,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.