Schulhoff & Co. Inc. Decreases Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Schulhoff & Co. Inc. lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,317 shares of the real estate investment trust’s stock after selling 825 shares during the period. Mid-America Apartment Communities comprises 1.6% of Schulhoff & Co. Inc.’s portfolio, making the stock its 15th largest holding. Schulhoff & Co. Inc.’s holdings in Mid-America Apartment Communities were worth $3,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities during the first quarter worth about $29,000. Larson Financial Group LLC grew its holdings in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 91 shares during the period. Sound Income Strategies LLC grew its stake in Mid-America Apartment Communities by 972.2% during the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 175 shares during the period. AlphaQuest LLC purchased a new stake in Mid-America Apartment Communities during the first quarter worth approximately $34,000. Finally, Ransom Advisory Ltd purchased a new stake in Mid-America Apartment Communities during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BNP Paribas downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Evercore ISI decreased their target price on shares of Mid-America Apartment Communities from $154.00 to $153.00 and set an “in-line” rating for the company in a research note on Monday, October 13th. Scotiabank decreased their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 14th. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 target price for the company. in a research note on Friday, July 11th. Finally, Wells Fargo & Company upped their target price on shares of Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Trading Up 0.4%

MAA opened at $133.42 on Wednesday. The stock has a market capitalization of $15.62 billion, a PE ratio of 27.45, a P/E/G ratio of 3.55 and a beta of 0.77. The firm’s fifty day moving average price is $139.72 and its 200 day moving average price is $148.28. 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, Inc. has a 12-month low of $131.17 and a 12-month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.01. The firm had revenue of $549.90 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 earnings per share. 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, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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. Investors 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. This represents a $6.06 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 124.69%.

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.