Zacks Research Issues Negative Forecast for MAA Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Stock analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for shares of Mid-America Apartment Communities in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $2.23 for the quarter, down from their previous estimate of $2.24. The consensus estimate for Mid-America Apartment Communities’ current full-year earnings is $8.88 per share. Zacks Research also issued estimates for Mid-America Apartment Communities’ Q1 2025 earnings at $2.20 EPS, Q2 2025 earnings at $2.20 EPS, Q3 2025 earnings at $2.23 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.90 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.33 EPS and FY2026 earnings at $9.25 EPS.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target for the company in a report on Monday, October 21st. Piper Sandler upped their target price on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Wedbush boosted their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $161.64.

Mid-America Apartment Communities Stock Up 0.6 %

Mid-America Apartment Communities stock opened at $158.67 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a twelve month low of $121.38 and a twelve month high of $167.39. The firm’s 50 day moving average price is $156.87 and its two-hundred day moving average price is $148.77. The firm has a market cap of $18.55 billion, a PE ratio of 35.82, a P/E/G ratio of 2.55 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The firm had revenue of $551.13 million for the quarter, compared to analysts’ expectations of $548.53 million. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. Mid-America Apartment Communities’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 earnings per share.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Mid-America Apartment Communities in the third quarter valued at approximately $1,162,000. Unigestion Holding SA acquired a new position in Mid-America Apartment Communities in the 3rd quarter worth $725,000. TD Private Client Wealth LLC lifted its holdings in shares of Mid-America Apartment Communities by 806.8% in the third quarter. TD Private Client Wealth LLC now owns 2,675 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 2,380 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Mid-America Apartment Communities by 1.4% during the third quarter. Toronto Dominion Bank now owns 57,702 shares of the real estate investment trust’s stock worth $9,169,000 after buying an additional 794 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at approximately $800,000. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is presently 132.73%.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.