Mid-America Apartment Communities, Inc. to Issue Quarterly Dividend of $1.53 (NYSE:MAA)

Mid-America Apartment Communities, Inc. (NYSE:MAAGet Free Report) declared a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Thursday, October 15th will be paid a dividend of 1.53 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, October 15th.

Mid-America Apartment Communities has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 16 years. Mid-America Apartment Communities has a payout ratio of 157.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Mid-America Apartment Communities to earn $8.59 per share next year, which means the company should continue to be able to cover its $6.12 annual dividend with an expected future payout ratio of 71.2%.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $119.00 on Wednesday. The business’s 50 day moving average price is $130.19 and its 200 day moving average price is $130.34. The firm has a market cap of $13.81 billion, a P/E ratio of 34.84 and a beta of 0.73. Mid-America Apartment Communities has a 52 week low of $117.98 and a 52 week high of $144.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The business had revenue of $555.13 million during the quarter, compared to analysts’ expectations of $556.18 million. During the same period in the previous year, the business posted $2.15 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. On average, sell-side analysts expect that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MAA. Elevation Wealth Partners LLC boosted its holdings in shares of Mid-America Apartment Communities by 593.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 172 shares in the last quarter. Raiffeisen Bank International AG lifted its position in Mid-America Apartment Communities by 116.7% in the second quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 119 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in Mid-America Apartment Communities in the fourth quarter valued at $32,000. Transamerica Financial Advisors LLC acquired a new position in Mid-America Apartment Communities in the second quarter valued at $37,000. Finally, Hurley Capital LLC grew its holdings in shares of Mid-America Apartment Communities by 70.4% during the fourth quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 112 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

About Mid-America Apartment Communities

(Get Free Report)

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.

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Dividend History for Mid-America Apartment Communities (NYSE:MAA)

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