Mid-America Apartment Communities, Inc. $MAA Shares Sold by Focus Partners Wealth

Key Points

• Focus Partners Wealth reduced its stake in Mid-America Apartment Communities, Inc. (NYSE: MAA) by 10.2%, selling 2,049 shares and holding a total of 17,991 shares now valued at approximately $3,015,000.
• Recent institutional transactions show increased interest in Mid-America Apartment Communities, with firms like Larson Financial Group raising their positions substantially, while approximately 93.60% of the stock is now owned by institutional investors.
• Mid-America Apartment Communities announced a quarterly dividend of $1.0625, resulting in an annual yield of 3.0%, despite having a high dividend payout ratio of 124.69%.

Focus Partners Wealth lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,991 shares of the real estate investment trust's stock after selling 2,049 shares during the quarter. Focus Partners Wealth's holdings in Mid-America Apartment Communities were worth $3,015,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in Mid-America Apartment Communities by 6.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock worth $169,000 after purchasing an additional 65 shares in the last quarter. Alhambra Investment Management LLC increased its holdings in shares of Mid-America Apartment Communities by 3.1% in 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 increased its holdings in shares of Mid-America Apartment Communities by 2.6% in the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock worth $463,000 after buying an additional 70 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Mid-America Apartment Communities by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock worth $394,000 after buying an additional 80 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Mid-America Apartment Communities by 2.9% in the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock worth $478,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 0.3%

Shares of MAA traded up $0.44 during mid-day trading on Friday, hitting $140.98. The company's stock had a trading volume of 1,566,403 shares, compared to its average volume of 666,498. The company's 50-day moving average is $144.26 and its 200-day moving average is $152.61. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.76 and a beta of 0.78. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate 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%. Mid-America Apartment Communities's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 124.69%.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. UBS Group reduced 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. Evercore ISI boosted their target price on shares of Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Royal Bank Of Canada reduced their target price on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Finally, KeyCorp reduced their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $162.53.

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.