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

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

NYSE:MAA traded up $2.42 during trading hours on Wednesday, hitting $157.05. The company’s stock had a trading volume of 1,118,239 shares, compared to its average volume of 680,815. The company has a market capitalization of $18.36 billion, a PE ratio of 35.45, a PEG ratio of 2.46 and a beta of 0.91. Mid-America Apartment Communities has a 52-week low of $121.51 and a 52-week high of $167.39. The business’s 50-day moving average is $154.06 and its two-hundred day moving average is $155.08. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $1.515 dividend. The ex-dividend date was Wednesday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.47. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.86%. Mid-America Apartment Communities’s payout ratio is 136.79%.

Analysts Set New Price Targets

MAA has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price objective on Mid-America Apartment Communities from $169.00 to $165.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Mizuho cut their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company lowered their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, KeyCorp upgraded 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 note on Tuesday, December 17th. Two investment 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 stock. Based on data from MarketBeat.com, the company currently 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.