Mid-America Apartment Communities, Inc. $MAA Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.8% during the second quarter, Holdings Channel.com reports. The fund owned 359,273 shares of the real estate investment trust’s stock after selling 2,991 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mid-America Apartment Communities were worth $53,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Mid-America Apartment Communities by 1.5% in the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock valued at $32,214,000 after acquiring an additional 2,800 shares during the last quarter. Aurora Investment Counsel acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth about $1,929,000. Summit Trail Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 106.9% during the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 2,274 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Mid-America Apartment Communities by 92.0% during the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock worth $4,715,000 after purchasing an additional 13,482 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Mid-America Apartment Communities by 7.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,328 shares of the real estate investment trust’s stock worth $1,396,000 after purchasing an additional 608 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.6%

Shares of NYSE MAA opened at $133.18 on Tuesday. The stock’s 50 day moving average price is $139.23 and its two-hundred day moving average price is $147.70. Mid-America Apartment Communities, Inc. has a 52-week low of $131.17 and a 52-week high of $173.38. The stock has a market capitalization of $15.59 billion, a P/E ratio of 27.40, a PEG ratio of 3.58 and a beta of 0.77. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. The business had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior 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. On average, analysts anticipate 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.6%. 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. Mid-America Apartment Communities’s payout ratio is currently 124.69%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MAA shares. Piper Sandler reduced their price objective on 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. Evercore ISI reduced their price objective on Mid-America Apartment Communities from $154.00 to $153.00 and set an “in-line” rating on the stock in a research note on Monday, October 13th. Wells Fargo & Company boosted their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, October 13th. Scotiabank reduced their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 14th. Finally, Mizuho upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock 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.