Mid-America Apartment Communities (NYSE:MAA) Announces Quarterly Earnings Results, Beats Estimates By $1.19 EPS

Mid-America Apartment Communities (NYSE:MAA) released its earnings results on Wednesday. The real estate investment trust reported $2.23 EPS for the quarter, beating the consensus estimate of $1.04 by $1.19, Zacks reports. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Mid-America Apartment Communities updated its Q1 2025 guidance to 2.080-2.240 EPS and its FY 2025 guidance to 8.610-8.930 EPS.

Mid-America Apartment Communities Trading Down 0.3 %

Shares of MAA stock traded down $0.54 during trading hours on Thursday, hitting $156.33. 313,789 shares of the company were exchanged, compared to its average volume of 664,488. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $18.27 billion, a P/E ratio of 35.29, a P/E/G ratio of 2.46 and a beta of 0.91. The company has a 50 day simple moving average of $153.89 and a two-hundred day simple moving average of $155.10. Mid-America Apartment Communities has a fifty-two week low of $121.51 and a fifty-two week high of $167.39.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.88%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s payout ratio is currently 136.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Scotiabank dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada cut their price target on shares of Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Barclays reduced their target price on shares of Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, JMP Securities restated a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $166.00.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.