Zacks Research Issues Pessimistic Estimate for MAA Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for Mid-America Apartment Communities in a report issued on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates 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.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.20). The business 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%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $2.29 earnings per share.

A number of other research analysts have also recently issued reports on MAA. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $138.00 to $174.00 in a research note on Monday, August 26th. 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 research report on Monday, October 21st. Scotiabank cut their price objective on shares of Mid-America Apartment Communities from $174.00 to $173.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. The Goldman Sachs Group began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 target price for the company. Finally, Truist Financial increased their price target on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $161.64.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $160.94 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market cap of $18.81 billion, a P/E ratio of 36.32, a P/E/G ratio of 2.55 and a beta of 0.88. The business’s 50 day moving average price is $156.87 and its 200-day moving average price is $148.77. Mid-America Apartment Communities has a 52 week low of $121.38 and a 52 week high of $167.39.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently modified their holdings of MAA. Ashton Thomas Securities LLC purchased a new position in Mid-America Apartment Communities during the third quarter valued at $25,000. EdgeRock Capital LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $26,000. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at approximately $32,000. Versant Capital Management Inc increased its holdings in Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $37,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s payout ratio is 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.