Mid-America Apartment Communities, Inc. (NYSE:MAA) Increases Dividend to $1.52 Per Share

Key Points

• Mid-America Apartment Communities, Inc. has increased its quarterly dividend to $1.52 per share, representing a 42.6% increase from the previous dividend of $1.06.
• The company has a dividend payout ratio of 156.2%, indicating reliance on its balance sheet for dividend payments, but is expected to maintain a more sustainable ratio of 65.7% based on projected earnings.
• The stock recently traded at $141.02, with a market capitalization of $16.51 billion and trading volumes below its average, indicating potential volatility in investor interest.

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) announced a quarterly dividend on Tuesday, September 23rd, RTT News reports. Investors of record on Wednesday, October 15th will be paid a dividend of 1.515 per share by the real estate investment trust on Thursday, October 30th. This represents a c) annualized dividend and a yield of 4.3%. This is a 42.6% increase from Mid-America Apartment Communities's previous quarterly dividend of $1.06.

Mid-America Apartment Communities has a dividend payout ratio of 156.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Mid-America Apartment Communities to earn $9.22 per share next year, which means the company should continue to be able to cover its $6.06 annual dividend with an expected future payout ratio of 65.7%.

Mid-America Apartment Communities Price Performance

NYSE MAA traded down $0.23 on Tuesday, hitting $141.02. The company had a trading volume of 528,339 shares, compared to its average volume of 709,647. The company has a market capitalization of $16.51 billion, a PE ratio of 29.02, a PEG ratio of 3.78 and a beta of 0.78. The company's fifty day moving average price is $143.93 and its 200-day moving average price is $152.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities 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 issued its quarterly earnings results 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. The company had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.22 EPS. 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, analysts predict that Mid-America Apartment Communities will post 8.84 earnings per share for the current year.

Hedge Funds Weigh In On Mid-America Apartment Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the second quarter worth about $219,000. Osaic Holdings Inc. lifted its stake in Mid-America Apartment Communities by 72.5% in the second quarter. Osaic Holdings Inc. now owns 10,494 shares of the real estate investment trust's stock worth $1,575,000 after acquiring an additional 4,410 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in Mid-America Apartment Communities by 34.2% in the second quarter. Orion Porfolio Solutions LLC now owns 35,018 shares of the real estate investment trust's stock worth $5,183,000 after acquiring an additional 8,932 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Mid-America Apartment Communities by 492.1% during the 2nd quarter. Squarepoint Ops LLC now owns 63,766 shares of the real estate investment trust's stock worth $9,438,000 after acquiring an additional 52,996 shares in the last quarter. Finally, Stance Capital LLC raised its holdings in shares of Mid-America Apartment Communities by 46.5% in the 2nd quarter. Stance Capital LLC now owns 11,600 shares of the real estate investment trust's stock valued at $1,717,000 after purchasing an additional 3,683 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

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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