Mid-America Apartment Communities, Inc. $MAA Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,554 shares of the real estate investment trust’s stock after selling 136 shares during the period. Voya Investment Management LLC’s holdings in Mid-America Apartment Communities were worth $6,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Mid-America Apartment Communities by 1.5% during the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock worth $32,214,000 after purchasing an additional 2,800 shares in the last quarter. Aurora Investment Counsel acquired a new stake in Mid-America Apartment Communities in the first quarter worth approximately $1,929,000. Summit Trail Advisors LLC lifted its position in Mid-America Apartment Communities by 106.9% in 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 during the period. Stratos Wealth Partners LTD. lifted its position in shares of Mid-America Apartment Communities by 92.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock valued at $4,715,000 after acquiring an additional 13,482 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Mid-America Apartment Communities by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust’s stock valued at $60,708,000 after acquiring an additional 5,650 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

MAA stock opened at $140.58 on Friday. The company’s fifty day simple moving average is $144.45 and its 200 day simple moving average is $152.80. Mid-America Apartment Communities, Inc. has a 12-month low of $137.32 and a 12-month high of $173.38. The firm has a market cap of $16.46 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 3.73 and a beta of 0.78. 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 data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm 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 business earned $2.22 earnings per share. The business’s quarterly revenue 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, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 3.0%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.69%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. UBS Group reduced their target price on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a report on Tuesday, July 15th. Wall Street Zen cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Raymond James Financial cut Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $162.53.

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.