Mid-America Apartment Communities (NYSE:MAA) Releases Earnings Results, Beats Expectations By $1.19 EPS

Mid-America Apartment Communities (NYSE:MAA) released its quarterly earnings data on Wednesday. The real estate investment trust reported $2.23 EPS 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 Trading Up 1.6 %

Mid-America Apartment Communities stock traded up $2.42 during trading hours on Wednesday, reaching $157.05. The stock had a trading volume of 1,118,239 shares, compared to its average volume of 680,815. The stock has a market cap of $18.36 billion, a PE ratio of 35.45, a PEG ratio of 2.46 and a beta of 0.91. The company has a fifty day simple moving average of $154.06 and a 200-day simple moving average of $155.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09. Mid-America Apartment Communities has a 52 week low of $121.51 and a 52 week high of $167.39.

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 is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 136.79%.

Analysts Set New Price Targets

MAA has been the subject of several analyst reports. StockNews.com downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. BMO Capital Markets reduced their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Raymond James raised Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a report on Monday, October 21st. Evercore ISI started coverage on Mid-America Apartment Communities in a report on Friday, January 24th. They set an “inline” rating and a $155.00 price objective for the company. Finally, Morgan Stanley raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.