Mid-America Apartment Communities, Inc. to Issue Quarterly Dividend of $1.53 (NYSE:MAA)

Mid-America Apartment Communities, Inc. (NYSE:MAA) declared a quarterly dividend on Tuesday, May 19th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 1.53 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, July 15th.

Mid-America Apartment Communities has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. Mid-America Apartment Communities has a dividend payout ratio of 157.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Mid-America Apartment Communities to earn $8.69 per share next year, which means the company should continue to be able to cover its $6.12 annual dividend with an expected future payout ratio of 70.4%.

Mid-America Apartment Communities Trading Up 0.2%

Shares of Mid-America Apartment Communities stock opened at $128.55 on Wednesday. The company’s fifty day simple moving average is $126.28 and its 200-day simple moving average is $131.28. The stock has a market capitalization of $14.96 billion, a PE ratio of 38.95 and a beta of 0.77. Mid-America Apartment Communities has a 1-year low of $120.30 and a 1-year high of $161.63. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.13 and a quick ratio of 0.13.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share for the quarter, topping the consensus estimate of $0.83 by $1.30. Mid-America Apartment Communities had a net margin of 17.60% and a return on equity of 6.61%. The business had revenue of $553.73 million for the quarter, compared to analysts’ expectations of $555.75 million. During the same quarter last year, the company posted $2.20 EPS. The company’s revenue was up .8% compared to the same quarter last year. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. As a group, equities analysts anticipate that Mid-America Apartment Communities will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of Mid-America Apartment Communities from $141.00 to $132.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Scotiabank restated a “sector underperform” rating and set a $120.00 target price (down from $138.00) on shares of Mid-America Apartment Communities in a research note on Thursday, May 14th. Colliers Securities cut shares of Mid-America Apartment Communities from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Morgan Stanley lowered their target price on shares of Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average target price of $145.00.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.