Perpetual Ltd Has $27.40 Million Position 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 lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 about 0.16% of Mid-America Apartment Communities worth $27,403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in Mid-America Apartment Communities by 155.8% in the 2nd quarter. Exchange Traded Concepts LLC now owns 15,441 shares of the real estate investment trust's stock valued at $2,285,000 after purchasing an additional 9,404 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Mid-America Apartment Communities by 0.3% in 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 purchasing an additional 185 shares during the last quarter. Swedbank AB boosted its holdings in Mid-America Apartment Communities by 5.0% in the 2nd quarter. Swedbank AB now owns 176,835 shares of the real estate investment trust's stock valued at $26,173,000 after purchasing an additional 8,448 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Mid-America Apartment Communities by 3.6% in 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 acquiring an additional 1,419 shares during the period. Finally, Lincoln Capital Corp raised its stake in shares of Mid-America Apartment Communities by 0.7% in 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 acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 0.3%

Shares of MAA traded up $0.44 during mid-day trading on Friday, reaching $140.98. 1,566,403 shares of the stock traded hands, compared to its average volume of 666,498. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $144.26 and a 200 day simple moving average of $152.49. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 3.77 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a 12-month low of $137.32 and a 12-month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company posted $2.22 earnings per share. The firm's 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. Sell-side 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.0%. Mid-America Apartment Communities's payout ratio is 124.69%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAA. Barclays reduced 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 research note on Tuesday, August 12th. Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. KeyCorp lowered their price target on shares of 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 shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. 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 for the company in a report on Thursday, August 14th. 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $162.53.

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.