Mid-America Apartment Communities, Inc. $MAA Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC has reduced its holdings in Mid-America Apartment Communities by 76.5%, now owning 1,876 shares after selling 6,102 shares during the first quarter.
• Mid-America Apartment Communities announced a quarterly dividend of $1.0625, reflecting an annualized payout of $4.25 with a yield of 3.0%.
• Research analysts have set various price targets for the stock, with a consensus target price of $162.53 and eight analysts rating it as a Buy.

Inspire Investing LLC cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 76.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,876 shares of the real estate investment trust's stock after selling 6,102 shares during the period. Inspire Investing LLC's holdings in Mid-America Apartment Communities were worth $314,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Invst LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth $756,000. Strs Ohio acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at $7,606,000. Ransom Advisory Ltd acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at $36,000. Bayforest Capital Ltd increased its position in shares of Mid-America Apartment Communities by 207.1% in the 1st quarter. Bayforest Capital Ltd now owns 1,953 shares of the real estate investment trust's stock valued at $327,000 after acquiring an additional 1,317 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mid-America Apartment Communities by 9.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,236,647 shares of the real estate investment trust's stock valued at $207,237,000 after acquiring an additional 107,661 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAA has been the topic of several research reports. Piper Sandler cut their target price on 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. Barclays lowered their price target on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target on the stock. in a report on Friday, July 11th. Mizuho raised 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, Scotiabank lowered their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $162.53.

Mid-America Apartment Communities Price Performance

Shares of MAA traded up $0.44 during mid-day trading on Friday, hitting $140.98. 1,566,403 shares of the company were exchanged, compared to its average volume of 702,335. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The company has a 50 day moving average of $144.26 and a 200-day moving average of $152.39. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 3.77 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same quarter in the prior year, the firm earned $2.22 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. 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. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.0%. Mid-America Apartment Communities's payout ratio is 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.