Zacks Research Issues Pessimistic Outlook for MAA Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at Zacks Research decreased their Q4 2024 earnings estimates for Mid-America Apartment Communities in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $2.23 per share for the quarter, down from their previous forecast 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.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.20). The company had revenue of $551.13 million during 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%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share.

MAA has been the subject of several other reports. Royal Bank of Canada dropped their target price on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Wedbush raised their price objective on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their target price for the stock from $144.00 to $189.00 in a research report on Monday, August 12th. StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target of $161.64.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $158.67 on Friday. Mid-America Apartment Communities has a 1 year low of $121.38 and a 1 year high of $167.39. The company’s 50 day simple moving average is $156.87 and its 200 day simple moving average is $148.77. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.55 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Mid-America Apartment Communities during the third quarter valued at $25,000. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $26,000. Versant Capital Management Inc boosted its position in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares during the period. Activest Wealth Management bought a new position in Mid-America Apartment Communities in the 3rd quarter worth approximately $32,000. Finally, UMB Bank n.a. grew its holdings in Mid-America Apartment Communities by 82.4% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 108 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Announces Dividend

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

Mid-America Apartment Communities Company Profile

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.