Mid-America Apartment Communities, Inc. (MAA)

NYSE: MAA · Real-Time Price · USD
157.74
-0.39 (-0.25%)
Nov 20, 2024, 4:00 PM EST - Market closed
-0.25%
Market Cap 18.92B
Revenue (ttm) 2.18B
Net Income (ttm) 517.46M
Shares Out 119.96M
EPS (ttm) 4.43
PE Ratio 35.58
Forward PE 38.60
Dividend $5.88 (3.73%)
Ex-Dividend Date Oct 15, 2024
Volume 475,192
Open 157.42
Previous Close 158.13
Day's Range 156.27 - 158.09
52-Week Range 121.38 - 167.39
Beta 0.87
Analysts Buy
Price Target 167.24 (+6.02%)
Earnings Date Oct 30, 2024

About MAA

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. As of June 30, 2024, MAA had ownership interest in 103,614 apartment units, including communities currently in development, across 16 states and the District of Columbia. [Read more]

Sector Real Estate
IPO Date Jan 28, 1994
Employees 2,427
Stock Exchange NYSE
Ticker Symbol MAA
Full Company Profile

Financial Performance

In 2023, MAA's revenue was $2.15 billion, an increase of 6.37% compared to the previous year's $2.02 billion. Earnings were $548.89 million, a decrease of -13.33%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for MAA stock is "Buy." The 12-month stock price forecast is $167.24, which is an increase of 6.02% from the latest price.

Price Target
$167.24
(6.02% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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My Portfolio's Biggest Winners And Losers From A Republican Sweep

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Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'

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16 days ago - Seeking Alpha

Mid-America Apartment Communities, Inc. (MAA) Q3 2024 Earnings Call Transcript

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Andrew Schaeffer - SVP, Treasurer & Director, Capital Markets Eri...

20 days ago - Seeking Alpha

MAA REPORTS THIRD QUARTER 2024 RESULTS

GERMANTOWN, Tenn. , Oct. 30, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the three months ended September 30, 2024.

21 days ago - PRNewsWire

Retire Rich With These 3 REITs

Retirement planning is unpredictable; diversification across asset classes, including a minimum of 10% REIT exposure, is crucial for financial stability. Rexford Industrial Realty, Mid-America Apartme...

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Important Trends For REIT Investors

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5 weeks ago - Seeking Alpha

Mid-America Apartment: Elevated New Deliveries Make Me Cautious

Mid-America Apartment REIT primarily focuses on high-growth Sunbelt markets, adding new units at a considerable rate. However, these markets are currently experiencing high new supply. The stock has c...

6 weeks ago - Seeking Alpha

Assessing The Impact Of Mortgage Rates On REITs

Historically, REITs outperform the S&P 500 after rising interest rates, with recent data showing a 25% return from May to September 2024. Mortgage rates impact REITs differently, with lower rates boos...

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6 weeks ago - Seeking Alpha

MAA Announces Date of Third Quarter 2024 Earnings Release, Conference Call

GERMANTOWN, Tenn. , Oct. 1, 2024 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its third quarter 2024 results on Wednesday, October 30, 2024, after market close a...

7 weeks ago - PRNewsWire

Mid-America Apartments: Good News For 2026, But 2025 Likely Gets Rough

Mid-America Apartments maintained its FFO and AFFO guidance for 2024 despite some increasing headwinds. Sunbelt states face rent drops and oversupply issues, while Midwest markets show stronger rent g...

7 weeks ago - Seeking Alpha

MAA Appoints Sheila K. McGrath to Board of Directors

GERMANTOWN, Tenn. , Sept. 25, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., ("MAA") (NYSE: MAA) today announced the appointment of Sheila K.

2 months ago - PRNewsWire

MAA Announces Quarterly Common Dividend

GERMANTOWN, Tenn. , Sept. 24, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1....

2 months ago - PRNewsWire

More Good News Ahead For REITs

REITs have rebounded due to recent Fed rate cuts, despite previous struggles with rising interest rates and the pandemic's impact on commercial real estate. I believe further upside is in store for RE...

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2 months ago - Seeking Alpha

An Important Warning For Dividend Investors After The Fed's Big Rate Cut

The Federal Reserve's 50-basis-point rate cut seems like a big tailwind for dividend stocks. However, the rate cut also brings several warnings to the dividend stock space. We discuss what these are a...

2 months ago - Seeking Alpha

Mid-America Apartment: A Sunbelt Gem With Dividend Power And Growth Potential

A 'buy right and hold tight' strategy is likely a good fit for most investors, avoiding frequent trading and capital gains taxes. Mid-America Apartment Communities is a strong long-term investment due...

2 months ago - Seeking Alpha

Interest Rate-Driven Rally Leaves Mid-America Apartment Less Attractive (Rating Downgrade)

Mid-America Apartment shares have rallied 31% since March due to falling interest rates and signs of rental rate stabilization, outperforming the market's 8% gain. Interest rates significantly impact ...

2 months ago - Seeking Alpha

These 2 REITs Are Still Great Buys After The Real Estate Rally

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2 months ago - Seeking Alpha

MAA to Participate in the BofA Securities 2024 Global Real Estate Conference

GERMANTOWN, Tenn. , Sept. 9, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that members of MAA senior management will participate in a round table p...

2 months ago - PRNewsWire

10 SWANs For The Next Black Swan

I focus on bottom-up analysis, identifying companies with strong operational performance and balance sheets that can weather Black Swan events, regardless of stock market fluctuations. Realty Income, ...

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2 months ago - Seeking Alpha

MAA Announces Regular Quarterly Preferred Dividend

GERMANTOWN, Tenn. , Sept. 3, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% S...

2 months ago - PRNewsWire

My Top Picks Are Underperforming! What Am I Doing?

The market has been very volatile in recent weeks. Some of my top picks have dropped quite a bit as a result. I give updates on two of my largest investments right now.

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3 months ago - Seeking Alpha

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REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs...

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3 months ago - Seeking Alpha