Mid-America Apartment Communities (NYSE:MAA) Price Target Raised to $137.00 at Scotiabank

Mid-America Apartment Communities (NYSE:MAA) had its price target raised by Scotiabank from $129.00 to $137.00 in a research report released on Thursday,Benzinga reports. They currently have a sector underperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Mid-America Apartment Communities from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. UBS Group decreased their target price on shares of Mid-America Apartment Communities from $134.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Citigroup reissued a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Cantor Fitzgerald cut their price objective on Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating for the company in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $145.19.

Mid-America Apartment Communities Stock Down 1.4%

Mid-America Apartment Communities stock opened at $135.88 on Thursday. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 41.18 and a beta of 0.74. The stock has a fifty day simple moving average of $133.79 and a two-hundred day simple moving average of $132.18. Mid-America Apartment Communities has a 12 month low of $120.30 and a 12 month high of $153.93. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.99.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping the consensus estimate of $0.83 by $1.30. The firm had revenue of $553.73 million during the quarter, compared to analysts’ expectations of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 earnings per share. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. Equities analysts predict that Mid-America Apartment Communities will post 8.5 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $1.53 per share. This represents a $6.12 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, July 15th. Mid-America Apartment Communities’s payout ratio is currently 185.45%.

Insider Buying and Selling

In related news, Director Tamara D. Fischer acquired 1,100 shares of the stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, with a total value of $141,405.00. Following the transaction, the director directly owned 1,100 shares in the company, valued at approximately $141,405. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Physician Wealth Advisors Inc. grew its position in shares of Mid-America Apartment Communities by 65.2% during the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in Mid-America Apartment Communities by 593.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 172 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in Mid-America Apartment Communities during the 4th quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Mid-America Apartment Communities during the third quarter valued at approximately $33,000. Finally, Hurley Capital LLC raised its position in shares of Mid-America Apartment Communities by 70.4% during the fourth quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 112 shares during the last quarter. 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.