What is Zacks Research’s Estimate for MAA Q4 Earnings?

Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at Zacks Research cut their Q4 2024 earnings estimates for Mid-America Apartment Communities in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $2.23 for the quarter, down from their previous estimate of $2.24. The consensus estimate for Mid-America Apartment Communities’ current full-year earnings is $8.88 per share. Zacks Research also issued estimates for Mid-America Apartment Communities’ Q1 2025 earnings at $2.20 EPS, Q2 2025 earnings at $2.20 EPS, Q3 2025 earnings at $2.23 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.90 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.33 EPS and FY2026 earnings at $9.25 EPS.

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

MAA has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft increased their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Truist Financial lifted their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Piper Sandler increased their price target on Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 price objective for the company. Finally, StockNews.com cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $161.64.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $160.94 on Friday. 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 1-year low of $121.38 and a 1-year high of $167.39. The business has a 50 day simple moving average of $156.87 and a two-hundred day simple moving average of $148.77. The stock has a market capitalization of $18.81 billion, a PE ratio of 36.32, a P/E/G ratio of 2.55 and a beta of 0.88.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $1.47 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.65%. Mid-America Apartment Communities’s payout ratio is 132.73%.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in Mid-America Apartment Communities by 3,319.0% in the first quarter. Bessemer Group Inc. now owns 24,172 shares of the real estate investment trust’s stock worth $3,181,000 after acquiring an additional 23,465 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $284,000. Natixis boosted its stake in shares of Mid-America Apartment Communities by 21.9% during the first quarter. Natixis now owns 12,676 shares of the real estate investment trust’s stock valued at $1,668,000 after purchasing an additional 2,274 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Mid-America Apartment Communities by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 155,906 shares of the real estate investment trust’s stock valued at $20,515,000 after buying an additional 492 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in 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 valued at $227,000 after buying an additional 90 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Company Profile

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.