Zacks Research Has Pessimistic Outlook of MAA Q4 Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Zacks Research decreased their Q4 2024 earnings estimates for shares of Mid-America Apartment Communities in a report issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects 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.

Several other equities analysts have also recently issued reports on MAA. JMP Securities lifted their price objective on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Wedbush upped their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $138.00 to $174.00 in a research note on Monday, August 26th. Scotiabank cut their target price on 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. Finally, Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price for the company in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $161.64.

Mid-America Apartment Communities Trading Up 1.5 %

Shares of MAA stock 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 50-day simple moving average of $156.76 and a 200 day simple moving average of $148.94. Mid-America Apartment Communities has a fifty-two week low of $121.38 and a fifty-two week high of $167.39. The stock has a market capitalization of $18.81 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.55 and a beta of 0.88.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.20). The firm had revenue of $551.13 million for the quarter, compared to the consensus estimate of $548.53 million. Mid-America Apartment Communities had a return on equity of 8.38% and a net margin of 23.84%. Mid-America Apartment Communities’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 EPS.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several large investors have recently made changes to their positions in MAA. Ashton Thomas Securities LLC bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth about $25,000. EdgeRock Capital LLC bought a new position in Mid-America Apartment Communities during the second quarter valued at about $26,000. Versant Capital Management Inc raised 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 valued at $32,000 after acquiring an additional 215 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Mid-America Apartment Communities in the 3rd quarter worth approximately $32,000. Finally, UMB Bank n.a. grew its holdings in shares of Mid-America Apartment Communities by 82.4% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

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 given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Tuesday, October 15th. Mid-America Apartment Communities’s dividend 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.