Knights of Columbus Asset Advisors LLC Decreases Stock Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Mid-America Apartment Communities by 39.2%, selling 8,643 shares, bringing its total to 13,403 shares valued at approximately $1,984,000.
• Mid-America Apartment Communities increased its dividend from $1.06 to $1.515, representing a 4.5% yield and reflecting the company's dividend payout ratio of 124.69%.
• Analysts' ratings for Mid-America Apartment Communities are mixed, with eight rating it Buy, ten Hold, and three Sell, and a consensus target price of $161.78.

Knights of Columbus Asset Advisors LLC trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 39.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,403 shares of the real estate investment trust's stock after selling 8,643 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Mid-America Apartment Communities were worth $1,984,000 as of its most recent SEC filing.

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

Mid-America Apartment Communities Stock Down 0.5%

Shares of MAA opened at $136.05 on Tuesday. 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, Inc. has a 12 month low of $135.42 and a 12 month high of $173.38. The stock's 50 day moving average is $141.58 and its two-hundred day moving average is $150.50. The firm has a market cap of $15.93 billion, a P/E ratio of 27.99, a PEG ratio of 3.65 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate 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 company had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same period last year, the company earned $2.22 earnings per share. Mid-America Apartment Communities's quarterly 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. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $1.515 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a yield of 4.5%. Mid-America Apartment Communities's dividend payout ratio is 124.69%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MAA shares. Mizuho raised Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Mid-America Apartment Communities in a research report on Saturday, September 27th. Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a research report on Wednesday, October 1st. They set a "neutral" rating and a $150.00 price target for the company. Barclays reduced their price target on Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company reduced their price target on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $161.78.

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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