Mid-America Apartment Communities, Inc. $MAA Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC significantly reduced its stake in Mid-America Apartment Communities by 79.8% during the second quarter, holding just 15,235 shares valued at $2,268,000 after selling 60,233 shares.
• The company's stock received mixed ratings from analysts, with eight analysts giving a Buy rating and three assigning a Sell rating, resulting in a current consensus rating of "Hold" with an average price target of $161.78.
• Mid-America Apartment Communities announced a quarterly dividend of $1.515 per share, marking an increase from $1.06, which translates to an annualized dividend yield of 4.5%.

Allspring Global Investments Holdings LLC lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 79.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,235 shares of the real estate investment trust's stock after selling 60,233 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Mid-America Apartment Communities were worth $2,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 65 shares during the period. Stephens Inc. AR boosted its position in Mid-America Apartment Communities by 2.6% during the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after purchasing an additional 70 shares during the period. Ables Iannone Moore & Associates Inc. boosted its position in Mid-America Apartment Communities by 2.7% during the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust's stock valued at $397,000 after purchasing an additional 70 shares during the period. Avantax Advisory Services Inc. boosted its position in Mid-America Apartment Communities by 3.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock valued at $394,000 after purchasing an additional 80 shares during the period. Finally, Signaturefd LLC boosted its position in Mid-America Apartment Communities by 2.9% during the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock valued at $478,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BNP Paribas lowered Mid-America Apartment Communities from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Saturday. Royal Bank Of Canada reduced 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. Scotiabank reduced their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 14th. Finally, Mizuho upgraded Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and reduced their price target for the stock from $161.00 to $150.00 in a research report on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $161.78.

Mid-America Apartment Communities Stock Up 0.4%

MAA opened at $133.42 on Wednesday. Mid-America Apartment Communities, Inc. has a one year low of $131.17 and a one 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 stock's fifty day moving average is $139.72 and its 200-day moving average is $148.28. The company has a market capitalization of $15.62 billion, a PE ratio of 27.45, a P/E/G ratio of 3.55 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted 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 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 the consensus estimate of $552.19 million. During the same quarter in the previous year, the business earned $2.22 EPS. The company'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. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost 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 payout ratio is presently 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.

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