KeyCorp Cuts Mid-America Apartment Communities (NYSE:MAA) Price Target to $155.00

Mid-America Apartment Communities (NYSE:MAA) had its target price cut by KeyCorp from $170.00 to $155.00 in a research note published on Wednesday morning, Marketbeat reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other equities research analysts have also commented on MAA. Wells Fargo & Company cut their target price on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. UBS Group increased their price target on shares of Mid-America Apartment Communities from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research report on Monday, December 29th. Evercore lowered their price objective on shares of Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Finally, Scotiabank lowered shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $146.00 to $142.00 in a report on Friday, December 5th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $153.55.

Mid-America Apartment Communities Stock Performance

MAA opened at $135.56 on Wednesday. The business’s fifty day moving average is $135.21 and its 200-day moving average is $136.52. 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 52-week low of $125.75 and a 52-week high of $173.38. The firm has a market cap of $15.85 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 2.21 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results 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 company had revenue of $555.56 million during the quarter, compared to analyst estimates of $556.80 million. Mid-America Apartment Communities had a net margin of 20.23% and a return on equity of 7.44%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 earnings per share. 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. Sell-side analysts expect that Mid-America Apartment Communities will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were paid a $1.53 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 161.90%.

Insiders Place Their Bets

In other news, EVP Adrian Hill acquired 758 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the acquisition, the executive vice president directly owned 48,766 shares of the company’s stock, valued at $6,428,821.78. The trade was a 1.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Amber Fairbanks sold 233 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the transaction, the executive vice president owned 3,799 shares in the company, valued at approximately $518,563.50. The trade was a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,079 shares of company stock worth $838,698. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at $750,603,000. Viking Global Investors LP purchased a new position in Mid-America Apartment Communities during the third quarter worth about $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mid-America Apartment Communities by 621.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock valued at $168,805,000 after buying an additional 1,040,525 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Mid-America Apartment Communities by 461.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock worth $106,777,000 after buying an additional 593,020 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,030,848 shares of the real estate investment trust’s stock valued at $282,105,000 after buying an additional 474,989 shares during the period. 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.