Greenwood Capital Associates LLC Lowers Stake in Mid-America Apartment Communities, Inc. $MAA

Greenwood Capital Associates LLC lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.2% in the second quarter, Holdings Channel reports. The institutional investor owned 56,464 shares of the real estate investment trust’s stock after selling 1,272 shares during the period. Mid-America Apartment Communities accounts for 1.0% of Greenwood Capital Associates LLC’s holdings, making the stock its 23rd biggest position. Greenwood Capital Associates LLC’s holdings in Mid-America Apartment Communities were worth $8,357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MAA. Smartleaf Asset Management LLC increased its position in shares of Mid-America Apartment Communities by 6.8% during the first quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 65 shares in the last quarter. Alhambra Investment Management LLC increased its position in shares of Mid-America Apartment Communities by 3.1% during the first quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 66 shares in the last quarter. Stephens Inc. AR increased its position in shares of Mid-America Apartment Communities by 2.6% during the first quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust’s stock worth $463,000 after purchasing an additional 70 shares in the last quarter. Ables Iannone Moore & Associates Inc. increased its position in shares of Mid-America Apartment Communities by 2.7% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 70 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Mid-America Apartment Communities by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $136.20 on Friday. The firm has a market capitalization of $15.94 billion, a P/E ratio of 28.02, a PEG ratio of 3.69 and a beta of 0.77. The stock has a 50-day simple moving average of $142.15 and a two-hundred day simple moving average of $151.01. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. Mid-America Apartment Communities, Inc. has a fifty-two week low of $136.07 and a fifty-two week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results 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 firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same quarter in the prior year, the business earned $2.22 earnings per share. The company’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, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a $1.515 dividend. The ex-dividend date is Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 124.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 27th. BNP Paribas downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday. Scotiabank cut their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 14th. Piper Sandler cut their target price on Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Finally, Evercore ISI upped their target price on Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.