Yousif Capital Management LLC Acquires 5,118 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Yousif Capital Management LLC increased its holdings in Mid-America Apartment Communities by 28.5%, acquiring an additional 5,118 shares and bringing its total to 23,076 shares worth approximately $3.4 million.
• Mid-America Apartment Communities has announced a quarterly dividend of $1.515 per share, representing an increase from its previous dividend of $1.06, with a payment date of October 31st.
• Several analysts have recently downgraded Mid-America Apartment Communities, with target prices ranging from $153.00 to $170.00, while maintaining a consensus rating of "Hold".

Yousif Capital Management LLC increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 28.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,076 shares of the real estate investment trust's stock after buying an additional 5,118 shares during the quarter. Yousif Capital Management LLC's holdings in Mid-America Apartment Communities were worth $3,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MAA. Larson Financial Group LLC lifted its position in shares of Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after buying an additional 91 shares during the last quarter. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter worth about $29,000. Sound Income Strategies LLC increased its holdings in Mid-America Apartment Communities by 972.2% in the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 175 shares in the last quarter. AlphaQuest LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter worth about $34,000. Finally, Ransom Advisory Ltd acquired a new position in Mid-America Apartment Communities in the 1st quarter worth about $36,000. 93.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MAA. Evercore ISI lowered their target price on Mid-America Apartment Communities from $154.00 to $153.00 and set an "in-line" rating for the company in a report on Monday. Barclays lowered their target price on Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, September 30th. Scotiabank lowered their target price on 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. The Goldman Sachs Group cut Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price for the company. in a report on Friday, July 11th. Finally, Wells Fargo & Company upped their target price on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an "overweight" rating in a report on Monday. Eight investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $161.78.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $131.42 on Friday. Mid-America Apartment Communities, Inc. has a 1 year low of $131.17 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 3.53 and a beta of 0.77. The business has a 50-day moving average of $140.09 and a 200-day moving average of $149.00.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (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 during the quarter, compared to the consensus estimate of $552.19 million. During the same period last year, the company earned $2.22 earnings per share. The firm'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. As a group, equities research 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors 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. This represents a $6.06 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, October 15th. Mid-America Apartment Communities's payout ratio is 124.69%.

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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