1,901 Shares in Mid-America Apartment Communities, Inc. $MAA Acquired by Balboa Wealth Partners

Key Points

• Balboa Wealth Partners acquired 1,901 shares of Mid-America Apartment Communities, Inc. ($MAA), valued at approximately $281,000, during the 2nd quarter.
• Mid-America Apartment Communities has increased its quarterly dividend from $1.06 to $1.515 per share, resulting in an annualized dividend yield of 4.6%.
• Analyst ratings for Mid-America Apartment Communities show a consensus of 8 Buy, 10 Hold, and 3 Sell, with an average price target of $161.78.

Balboa Wealth Partners bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,901 shares of the real estate investment trust's stock, valued at approximately $281,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities in the first quarter worth approximately $29,000. Larson Financial Group LLC grew its position in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after buying an additional 91 shares during the last quarter. Sound Income Strategies LLC grew its position in Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust's stock worth $29,000 after buying an additional 175 shares during the last quarter. AlphaQuest LLC acquired a new position in Mid-America Apartment Communities in the first quarter worth approximately $34,000. Finally, Ransom Advisory Ltd acquired a new position in Mid-America Apartment Communities in the first quarter worth approximately $36,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

MAA has been the topic of several research analyst reports. Piper Sandler lowered their price objective on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a "neutral" rating and a $150.00 price target on the stock. Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and lowered their price target for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, Wells Fargo & Company boosted their price target on shares of Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $161.78.

Mid-America Apartment Communities Stock Up 0.1%

Mid-America Apartment Communities stock opened at $132.80 on Tuesday. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 3.55 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a fifty-two week low of $131.17 and a fifty-two week high of $173.38. The firm has a fifty day moving average price of $139.82 and a two-hundred day moving average price of $148.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.01. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.22 EPS. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, October 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.

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