Dimensional Fund Advisors LP Sells 37,312 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Dimensional Fund Advisors LP reduced its stake in Mid-America Apartment Communities, Inc. by 2.2%, now holding approximately 1.44% of the company's shares, valued at $282,917,000 after selling 37,312 shares.
• Mid-America Apartment Communities reported a quarterly earnings per share (EPS) of $2.15, slightly exceeding analysts' expectations of $2.14, with a revenue of $549.90 million.
• The company announced a quarterly dividend of $1.515 per share, reflecting an annualized payout of $6.06, which indicates a dividend yield of 4.3% despite a high payout ratio of 124.69%.

Dimensional Fund Advisors LP decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,688,293 shares of the real estate investment trust's stock after selling 37,312 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Mid-America Apartment Communities worth $282,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alhambra Investment Management LLC increased its holdings in shares of Mid-America Apartment Communities by 3.1% during the 1st quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock worth $363,000 after buying an additional 66 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Mid-America Apartment Communities by 2.6% during the first quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after acquiring an additional 70 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Mid-America Apartment Communities by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock worth $394,000 after purchasing an additional 80 shares during the last quarter. Signaturefd LLC lifted its position in shares of Mid-America Apartment Communities by 2.9% during the first quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock worth $478,000 after purchasing an additional 81 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Mid-America Apartment Communities by 5.0% during the first quarter. Horizon Investments LLC now owns 1,693 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 1.6%

NYSE MAA traded up $2.25 on Friday, hitting $143.26. 251,119 shares of the stock were exchanged, compared to its average volume of 899,329. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 3.81 and a beta of 0.75. The company's 50-day moving average price is $146.92 and its two-hundred day moving average price is $155.16.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.01. The business 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%. Mid-America Apartment Communities's quarterly revenue was up .6% compared to the same quarter last year. 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. Research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. Truist Financial lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Robert W. Baird raised their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Finally, Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and lowered their price objective for the company from $161.00 to $150.00 in a research note on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $163.21.

Mid-America Apartment Communities Company 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.