Wedbush Issues Pessimistic Estimate for MAA Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Investment analysts at Wedbush dropped their FY2025 earnings estimates for shares of Mid-America Apartment Communities in a report released on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $8.78 per share for the year, down from their prior forecast of $8.80. The consensus estimate for Mid-America Apartment Communities’ current full-year earnings is $8.86 per share. Wedbush also issued estimates for Mid-America Apartment Communities’ FY2026 earnings at $9.18 EPS.

Several other analysts have also issued reports on the stock. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Raymond James upgraded shares of 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 research report on Monday, October 21st. Evercore ISI upped their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a report on Monday. JMP Securities reissued a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $166.00.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $155.87 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $18.22 billion, a PE ratio of 34.79, a PEG ratio of 2.56 and a beta of 0.91. The firm’s fifty day simple moving average is $153.35 and its 200 day simple moving average is $155.59. Mid-America Apartment Communities has a 1 year low of $121.51 and a 1 year high of $167.39.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.89%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. Mid-America Apartment Communities’s dividend payout ratio is 135.27%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $25,000. Activest Wealth Management purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth about $37,000. IFP Advisors Inc lifted its holdings in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Quarry LP purchased a new stake in Mid-America Apartment Communities during the third quarter valued at about $45,000. Institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.