IFM Investors Pty Ltd Reduces Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• IFM Investors Pty Ltd reduced its holdings in Mid-America Apartment Communities by 13.1% during the second quarter, now owning 43,700 shares valued at approximately $6.47 million.
• Mid-America Apartment Communities recently announced a quarterly dividend of $1.0625, representing an annualized yield of 3.0%, while its payout ratio stands at 124.69%.
• Analysts have lowered their price targets for Mid-America Apartment Communities, with Scotiabank decreasing their price objective from $180.00 to $170.00 and Wells Fargo from $173.00 to $156.00.

IFM Investors Pty Ltd lowered its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,700 shares of the real estate investment trust's stock after selling 6,599 shares during the quarter. IFM Investors Pty Ltd's holdings in Mid-America Apartment Communities were worth $6,468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Exchange Traded Concepts LLC grew its position in shares of Mid-America Apartment Communities by 155.8% during the second quarter. Exchange Traded Concepts LLC now owns 15,441 shares of the real estate investment trust's stock worth $2,285,000 after purchasing an additional 9,404 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Mid-America Apartment Communities by 0.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,403 shares of the real estate investment trust's stock valued at $9,239,000 after buying an additional 185 shares in the last quarter. Swedbank AB grew its holdings in Mid-America Apartment Communities by 5.0% during the 2nd quarter. Swedbank AB now owns 176,835 shares of the real estate investment trust's stock valued at $26,173,000 after buying an additional 8,448 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Mid-America Apartment Communities by 3.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,325 shares of the real estate investment trust's stock valued at $5,969,000 after buying an additional 1,419 shares in the last quarter. Finally, Lincoln Capital Corp grew its holdings in Mid-America Apartment Communities by 0.7% during the 2nd quarter. Lincoln Capital Corp now owns 19,495 shares of the real estate investment trust's stock valued at $2,885,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 0.4%

Shares of NYSE:MAA traded down $0.55 on Tuesday, reaching $140.71. The company had a trading volume of 155,265 shares, compared to its average volume of 881,568. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The firm's 50 day simple moving average is $144.06 and its 200-day simple moving average is $152.22. The firm has a market capitalization of $16.47 billion, a PE ratio of 28.97, a PEG ratio of 3.77 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 announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same period last year, the business posted $2.22 EPS. The business's revenue was up .6% compared to the same quarter last year. 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

The firm also recently announced 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 yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 124.69%.

Analyst Upgrades and Downgrades

MAA has been the subject of several research analyst reports. KeyCorp cut their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Wall Street Zen cut Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Mizuho upgraded Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and cut their price target for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Piper Sandler cut their price target on Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, The Goldman Sachs Group cut Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target for the company. in a report on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average price target of $162.53.

About Mid-America Apartment Communities

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.