Vert Asset Management LLC Lowers Holdings in Mid-America Apartment Communities, Inc. $MAA

Vert Asset Management LLC cut its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,831 shares of the real estate investment trust’s stock after selling 3,157 shares during the quarter. Mid-America Apartment Communities accounts for about 2.7% of Vert Asset Management LLC’s holdings, making the stock its 13th largest holding. Vert Asset Management LLC’s holdings in Mid-America Apartment Communities were worth $7,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Consolidated Planning Corp lifted its stake in Mid-America Apartment Communities by 12.6% in the 2nd quarter. Consolidated Planning Corp now owns 5,716 shares of the real estate investment trust’s stock worth $846,000 after purchasing an additional 638 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Mid-America Apartment Communities by 3.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,320 shares of the real estate investment trust’s stock valued at $3,304,000 after buying an additional 711 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Mid-America Apartment Communities by 33.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,910 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 482 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Mid-America Apartment Communities by 972.2% during the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 175 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. raised its position in shares of Mid-America Apartment Communities by 0.9% during the 2nd quarter. Virginia Wealth Management Group Inc. now owns 31,005 shares of the real estate investment trust’s stock valued at $4,589,000 after buying an additional 288 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAA. Barclays lowered their price objective on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday. KeyCorp lowered their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Raymond James Financial cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley lowered their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $161.78.

Mid-America Apartment Communities Stock Down 1.1%

Shares of NYSE:MAA opened at $138.13 on Thursday. The stock’s 50-day moving average price is $142.46 and its 200-day moving average price is $151.20. Mid-America Apartment Communities, Inc. has a 12-month low of $137.32 and a 12-month high of $173.38. The stock has a market capitalization of $16.17 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 3.74 and a beta of 0.78. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $552.19 million. During the same period last year, the firm earned $2.22 earnings per share. The company’s revenue for the quarter 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 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 company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.4%. 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.