Mid-America Apartment Communities stock hits 52-week low at $137.20

Published 02/10/2025, 14:40
Mid-America Apartment Communities stock hits 52-week low at $137.20

Mid-America Apartment Communities Inc. (MAA) stock reached a 52-week low, hitting $137.20, marking a significant downturn for the $16.5 billion real estate investment trust. According to InvestingPro analysis, MAA maintains a GOOD financial health score and offers a robust 4.39% dividend yield, having maintained dividend payments for 32 consecutive years. Over the past year, the company’s stock has experienced a decline of 11.61%, reflecting broader challenges in the real estate sector. Trading at a P/E ratio of 28.5x, InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value. This recent low underscores investor concerns amid fluctuating market conditions and potential impacts on the housing market. As MAA navigates these challenges, stakeholders will be closely watching for strategic moves to stabilize and potentially reverse this downward trend. Discover more insights with InvestingPro’s comprehensive research report, available along with 12+ additional ProTips.

In other recent news, Mid-America Apartment Communities announced its board of directors has approved a quarterly dividend of $1.5150 per share of common stock, marking the 127th consecutive payout. The company also declared a quarterly preferred dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. Citizens JMP analyst maintained a Market Outperform rating on Mid-America Apartment Communities with a $170 price target, following the company’s second-quarter 2025 results. The firm reported Core FFO of $2.15 per share, slightly below Citizens’ estimate but above the consensus forecast. Truist Securities, however, lowered its price target on the company’s stock to $158 from $171, citing a more conservative same-store growth forecast amid slumping national employment growth. Despite the adjustment, Truist maintained a Buy rating on the shares. Meanwhile, Cantor Fitzgerald initiated coverage of Mid-America Apartment Communities with a Neutral rating and a $150 price target. These developments highlight the company’s ongoing financial activities and analyst perspectives.

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