Mid-America Apartment Communities (NYSE:MAA) Releases Q4 2024 Earnings Guidance

Mid-America Apartment Communities (NYSE:MAA) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.150-2.310 for the period, compared to the consensus estimate of 2.260. The company issued revenue guidance of -. Mid-America Apartment Communities also updated its FY 2024 guidance to 8.800-9.020 EPS.

Analyst Ratings Changes

Several brokerages recently issued reports on MAA. Truist Financial lifted their price target on shares of Mid-America Apartment Communities from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 26th. Scotiabank lifted their price target on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. UBS Group lifted their price target on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a report on Thursday, July 18th. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $138.00 to $174.00 in a report on Monday, August 26th. Finally, Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to a “strong-buy” rating and set a $175.00 target price on the stock in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.75.

Mid-America Apartment Communities Stock Up 0.9 %

Shares of Mid-America Apartment Communities stock traded up $1.32 during trading on Wednesday, reaching $152.29. 690,431 shares of the company traded hands, compared to its average volume of 749,310. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities has a 1-year low of $115.56 and a 1-year high of $167.39. The company has a 50 day moving average price of $158.32 and a 200-day moving average price of $145.69. The firm has a market capitalization of $17.79 billion, a PE ratio of 31.90, a P/E/G ratio of 2.48 and a beta of 0.88.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $1.47 per share. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.86%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

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.