Vert Asset Management LLC Sells 3,157 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Vert Asset Management LLC reduced its holdings in Mid-America Apartment Communities by 5.8%, now owning 50,831 shares valued at approximately $7.5 million.
• Mid-America recently announced a quarterly dividend increase to $1.515 per share, with a yield of 4.4%, up from a previous $1.06 dividend.
• The company reported a 12-month high stock price of $173.38 and recent earnings per share of $2.15, slightly beating analysts’ estimates.

Vert Asset Management LLC trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 5.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 50,831 shares of the real estate investment trust's stock after selling 3,157 shares during the period. Mid-America Apartment Communities comprises 2.7% of Vert Asset Management LLC's investment portfolio, making the stock its 13th biggest position. Vert Asset Management LLC's holdings in Mid-America Apartment Communities were worth $7,523,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities in the 1st quarter worth about $29,000. Larson Financial Group LLC boosted its stake in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 91 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. AlphaQuest LLC purchased a new position in Mid-America Apartment Communities in the first quarter valued at about $34,000. Finally, Ransom Advisory Ltd purchased a new position in Mid-America Apartment Communities in the first quarter valued at about $36,000. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $138.13 on Thursday. The stock has a market capitalization of $16.17 billion, a P/E ratio of 28.42, a PEG ratio of 3.74 and a beta of 0.78. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The firm's 50 day moving average is $142.46 and its 200 day moving average is $151.20. 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 announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating 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 company had revenue of $549.90 million for the quarter, compared to analysts' expectations of $552.19 million. During the same period in the prior year, the company posted $2.22 EPS. Mid-America Apartment Communities's 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, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current 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 paid a $1.515 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.4%. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.06. Mid-America Apartment Communities's dividend payout ratio is currently 124.69%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAA. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. Piper Sandler dropped their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Mizuho upgraded shares of 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 research note on Thursday, August 14th. UBS Group dropped their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company dropped their target price on shares of Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $161.78.

Mid-America Apartment Communities Company 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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