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

Mid-America Apartment Communities (NYSE:MAA) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping 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 Down 0.3 %

MAA traded down $0.54 during trading on Thursday, hitting $156.33. The company’s stock had a trading volume of 313,789 shares, compared to its average volume of 664,488. The firm’s 50 day moving average price is $153.89 and its 200-day moving average price is $155.10. 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 twelve month low of $121.51 and a twelve month high of $167.39. The stock has a market cap of $18.27 billion, a PE ratio of 35.29, a PEG ratio of 2.46 and a beta of 0.91.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.88%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Wednesday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 136.79%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAA. Barclays lowered their price objective on Mid-America Apartment Communities from $166.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, January 10th. Evercore ISI began coverage on Mid-America Apartment Communities in a research note on Friday, January 24th. They issued an “inline” rating and a $155.00 target price for the company. KeyCorp upgraded Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Tuesday, December 17th. Finally, Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 price objective for the company in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $166.00.

About Mid-America Apartment Communities

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.