Wedbush Issues Pessimistic Outlook for MAA Earnings

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Investment analysts at Wedbush cut their Q4 2024 earnings per share estimates for shares of Mid-America Apartment Communities in a research note issued on Wednesday, November 6th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $2.23 per share for the quarter, down from their previous forecast of $2.26. Wedbush currently has a “Outperform” rating and a $184.00 target price on the stock. The consensus estimate for Mid-America Apartment Communities’ current full-year earnings is $8.88 per share. Wedbush also issued estimates for Mid-America Apartment Communities’ FY2025 earnings at $8.99 EPS.

A number of other research analysts also recently weighed in on MAA. BNP Paribas initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price objective on the stock. JMP Securities raised their price objective on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Raymond James raised 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 research note on Monday, October 21st. StockNews.com downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $138.00 to $174.00 in a research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.69.

Mid-America Apartment Communities Stock Down 0.9 %

Shares of MAA stock opened at $153.59 on Thursday. The stock’s 50 day simple moving average is $157.72 and its 200 day simple moving average is $146.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities has a twelve month low of $118.68 and a twelve month high of $167.39. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.45 and a beta of 0.88.

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

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 132.73%.

Institutional Trading of Mid-America Apartment Communities

A number of large investors have recently bought and sold shares of the stock. Johnson Investment Counsel Inc. grew its position in Mid-America Apartment Communities by 1.1% in the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 77 shares during the period. Telos Capital Management Inc. grew its position in Mid-America Apartment Communities by 0.8% in the second quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 78 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Mid-America Apartment Communities by 6.4% during the third quarter. V Square Quantitative Management LLC now owns 1,444 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 87 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Mid-America Apartment Communities by 5.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 90 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Mid-America Apartment Communities by 12.3% during the first quarter. Covestor Ltd now owns 848 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 93 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

About Mid-America Apartment Communities

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.