Mid-America Apartment Communities (NYSE:MAA) Issues Earnings Results

Mid-America Apartment Communities (NYSE:MAA) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $1.19, Zacks reports. Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. 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 Stock Down 0.3 %

NYSE MAA traded down $0.54 during trading hours on Friday, reaching $158.33. 392,714 shares of the company traded hands, compared to its average volume of 704,920. Mid-America Apartment Communities has a 12 month low of $121.51 and a 12 month high of $167.39. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $18.51 billion, a PE ratio of 35.79, a PEG ratio of 2.46 and a beta of 0.91. The company has a 50 day moving average of $153.77 and a two-hundred day moving average of $155.12.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.83%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 136.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Scotiabank lowered 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. StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Thursday. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective on the stock in a report on Monday, October 21st. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.