VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $21.24 Million Investment in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Virginia Retirement Systems ET Al recently made a significant investment of $21.24 million in Mid-America Apartment Communities, Inc., acquiring 143,467 shares in the second quarter, which represents approximately 0.12% of the company.
• Mid-America Apartment Communities has announced a quarterly dividend of $1.515 per share, increasing from the previous dividend of $1.06 and indicating a 4.6% yield.
• Recent analyst reports show varied ratings for MAA, with Wells Fargo upgrading its price target to $157.00 and Mizuho moving it from a "neutral" rating to "outperform," while several others have lowered their targets.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 143,467 shares of the real estate investment trust's stock, valued at approximately $21,235,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.12% of Mid-America Apartment Communities as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MAA. GAMMA Investing LLC lifted its holdings in shares of Mid-America Apartment Communities by 34.6% in the 1st quarter. GAMMA Investing LLC now owns 3,467 shares of the real estate investment trust's stock valued at $581,000 after buying an additional 892 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,218 shares of the real estate investment trust's stock valued at $10,259,000 after buying an additional 613 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $566,000. Avantra Family Wealth Inc. acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $201,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Mid-America Apartment Communities by 7.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,328 shares of the real estate investment trust's stock valued at $1,396,000 after buying an additional 608 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $132.71 on Monday. Mid-America Apartment Communities, Inc. has a 12 month low of $131.17 and a 12 month high of $173.38. The stock has a 50 day moving average of $139.94 and a two-hundred day moving average of $148.52. 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 has a market cap of $15.54 billion, a P/E ratio of 27.31, a price-to-earnings-growth 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 the consensus estimate 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 during the quarter, compared to analyst estimates of $552.19 million. During the same period in the previous year, the business earned $2.22 EPS. 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. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.6%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 124.69%.

Analyst Upgrades and Downgrades

MAA has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, October 13th. UBS Group reduced their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a report on Tuesday, July 15th. 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 report on Friday, August 1st. Mizuho raised 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 report on Thursday, August 14th. Finally, Piper Sandler reduced their price target on Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities presently has an average rating of "Hold" and a consensus price target of $161.78.

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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