Mid-America Apartment Communities (NYSE:MAA) Hits New 52-Week Low Following Analyst Downgrade

Mid-America Apartment Communities, Inc. (NYSE:MAA)’s share price hit a new 52-week low during trading on Tuesday after Scotiabank lowered their price target on the stock from $140.00 to $138.00. Scotiabank currently has a sector perform rating on the stock. Mid-America Apartment Communities traded as low as $121.07 and last traded at $122.7910, with a volume of 134385 shares trading hands. The stock had previously closed at $122.39.

A number of other research analysts have also weighed in on the company. Evercore dropped their target price on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a report on Monday, December 15th. UBS Group upped their price target on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. KeyCorp lowered their price target on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Mizuho raised their price objective on Mid-America Apartment Communities from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, Morgan Stanley cut their price objective on shares of Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $150.05.

Insider Buying and Selling

In other news, EVP Robert J. Delpriore sold 5,426 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 49,745 shares in the company, valued at $6,876,251.35. The trade was a 9.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amber Fairbanks sold 233 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total value of $31,804.50. Following the completion of the transaction, the executive vice president directly owned 3,799 shares of the company’s stock, valued at approximately $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,079 shares of company stock worth $838,698 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently made changes to their positions in MAA. Elevation Point Wealth Partners LLC bought a new position in Mid-America Apartment Communities during the second quarter valued at about $25,000. Tobam purchased a new stake in Mid-America Apartment Communities during the third quarter worth about $26,000. Physician Wealth Advisors Inc. raised its position in Mid-America Apartment Communities by 65.2% in the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 75 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in Mid-America Apartment Communities in the fourth quarter valued at about $32,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Mid-America Apartment Communities in the third quarter valued at about $33,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Down 0.2%

The stock’s 50-day moving average price is $132.15 and its two-hundred day moving average price is $134.09. The stock has a market capitalization of $14.21 billion, a P/E ratio of 32.16 and a beta of 0.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.93.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($1.74). Mid-America Apartment Communities had a return on equity of 7.44% and a net margin of 20.23%.The company had revenue of $555.56 million during the quarter, compared to the consensus estimate of $556.80 million. During the same period last year, the firm posted $2.23 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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. As a group, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a $1.53 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $6.12 annualized dividend and a dividend yield of 5.0%. Mid-America Apartment Communities’s payout ratio is presently 161.90%.

About Mid-America Apartment Communities

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.