Mid-America Apartment Communities, Inc. $MAA Shares Bought by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Mid-America Apartment Communities by 1.3%, owning 208,145 shares valued at approximately $30.8 million.
• Mid-America Apartment Communities reported a quarterly EPS of $2.15, slightly above analyst estimates, with a revenue of $549.90 million for the quarter.
• The company announced a quarterly dividend increase to $1.515, reflecting a 4.3% yield, payable on October 30th.

Public Employees Retirement System of Ohio boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,145 shares of the real estate investment trust's stock after buying an additional 2,578 shares during the period. Public Employees Retirement System of Ohio owned 0.18% of Mid-America Apartment Communities worth $30,808,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MAA. Toronto Dominion Bank increased its position in Mid-America Apartment Communities by 32.4% during the fourth quarter. Toronto Dominion Bank now owns 76,404 shares of the real estate investment trust's stock worth $11,810,000 after buying an additional 18,702 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $14,217,000. Siemens Fonds Invest GmbH acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $2,391,000. Phocas Financial Corp. acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $262,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $290,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 0.5%

Shares of MAA stock opened at $140.39 on Thursday. The business's fifty day moving average price is $143.73 and its 200 day moving average price is $152.06. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38. The firm has a market capitalization of $16.44 billion, a PE ratio of 28.89, a P/E/G ratio of 3.77 and a beta of 0.78. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping 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 firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the prior year, the company posted $2.22 earnings per share. Mid-America Apartment Communities's quarterly revenue 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. As a group, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.3%. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Wednesday, October 15th. Mid-America Apartment Communities's dividend payout ratio is currently 124.69%.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of recent research reports. Scotiabank dropped their target price on 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. Wall Street Zen lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Royal Bank Of Canada dropped their target price on 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. The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a report on Friday, July 11th. Finally, Morgan Stanley dropped their target price on 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. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.

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