Mid-America Apartment Communities, Inc. $MAA Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 39.2% during the second quarter, HoldingsChannel.com reports. The fund owned 13,403 shares of the real estate investment trust’s stock after selling 8,643 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Mid-America Apartment Communities were worth $1,984,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MAA. NBC Securities Inc. acquired a new stake in shares of Mid-America Apartment Communities in the first quarter worth approximately $46,000. Merit Financial Group LLC boosted its stake in shares of Mid-America Apartment Communities by 4.7% in the first quarter. Merit Financial Group LLC now owns 3,910 shares of the real estate investment trust’s stock worth $655,000 after acquiring an additional 175 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Mid-America Apartment Communities by 9.6% in the first quarter. Park Avenue Securities LLC now owns 3,153 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 277 shares during the last quarter. Vert Asset Management LLC boosted its stake in shares of Mid-America Apartment Communities by 5.1% in the first quarter. Vert Asset Management LLC now owns 53,988 shares of the real estate investment trust’s stock worth $9,047,000 after acquiring an additional 2,614 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its stake in shares of Mid-America Apartment Communities by 5.2% in the first quarter. Portside Wealth Group LLC now owns 5,970 shares of the real estate investment trust’s stock worth $1,000,000 after acquiring an additional 293 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAA. Evercore ISI lifted their price target on Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Royal Bank Of Canada lowered their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Wells Fargo & Company lowered their price objective on Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 27th. BNP Paribas Exane lowered Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Finally, Piper Sandler lowered 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. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus price target of $161.78.

Mid-America Apartment Communities Stock Performance

Shares of Mid-America Apartment Communities stock opened at $136.05 on Tuesday. Mid-America Apartment Communities, Inc. has a 52 week low of $135.42 and a 52 week high of $173.38. The business’s fifty day simple moving average is $141.58 and its 200-day simple moving average is $150.50. The firm has a market cap of $15.93 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 3.65 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 EPS for the quarter, beating the consensus estimate 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 business had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the prior year, the company posted $2.22 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. 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. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid 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 annualized dividend and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio is currently 124.69%.

About Mid-America Apartment Communities

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.