Perpetual Ltd Increases Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Perpetual Ltd increased its ownership in Mid-America Apartment Communities by 2.6% during the second quarter, holding 185,141 shares worth approximately $27.4 million by the end of that period.
• The real estate investment trust reported earnings of $2.15 per share for the last quarter, exceeding analysts' expectations, although its revenue was up only 0.6% compared to the previous year.
• Mid-America Apartment Communities announced a quarterly dividend of $1.0625 per share, which represents a significant dividend payout ratio of 124.69%.

Perpetual Ltd increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,141 shares of the real estate investment trust's stock after purchasing an additional 4,765 shares during the quarter. Perpetual Ltd owned 0.16% of Mid-America Apartment Communities worth $27,403,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MAA. Financial Network Wealth Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities in the first quarter valued at approximately $29,000. Larson Financial Group LLC increased its position 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 in the last quarter. AlphaQuest LLC purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth approximately $34,000. Ransom Advisory Ltd purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth approximately $36,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock traded down $0.27 during mid-day trading on Tuesday, reaching $140.98. 59,367 shares of the company were exchanged, compared to its average volume of 881,018. Mid-America Apartment Communities, Inc. has a twelve month low of $137.32 and a twelve month high of $173.38. The firm's 50-day simple moving average is $144.06 and its two-hundred day simple moving average is $152.22. 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 firm has a market cap of $16.50 billion, a PE 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 posted its quarterly earnings results 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. The business had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $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. Equities analysts predict 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 payout ratio is 124.69%.

Analyst Upgrades and Downgrades

Several analysts recently commented on MAA shares. Royal Bank Of Canada dropped their price target on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. UBS Group dropped their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research report on Tuesday, July 15th. KeyCorp dropped their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Barclays dropped their price target on Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Finally, Mizuho upgraded Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and dropped their target price for the company from $161.00 to $150.00 in a report on Thursday, August 14th. 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. Based on data from MarketBeat.com, the company presently 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.