Wealth Enhancement Advisory Services LLC Has $9.24 Million Stake in Mid-America Apartment Communities, Inc. $MAA

Wealth Enhancement Advisory Services LLC raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,403 shares of the real estate investment trust’s stock after buying an additional 185 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.05% of Mid-America Apartment Communities worth $9,239,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. State of Wyoming grew its holdings in shares of Mid-America Apartment Communities by 15.4% during the 4th quarter. State of Wyoming now owns 742 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 99 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at approximately $328,000. Toronto Dominion Bank grew its holdings in shares of Mid-America Apartment Communities by 32.4% during the 4th quarter. Toronto Dominion Bank now owns 76,404 shares of the real estate investment trust’s stock valued at $11,810,000 after purchasing an additional 18,702 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of Mid-America Apartment Communities by 2.9% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 14,666 shares of the real estate investment trust’s stock valued at $2,267,000 after purchasing an additional 418 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at approximately $14,217,000. 93.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAA. Mizuho upgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $161.00 to $150.00 in a research report on Thursday, August 14th. Scotiabank cut their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price target on the stock. in a research report on Friday, July 11th. Finally, Raymond James Financial downgraded shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $162.53.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $141.35 on Tuesday. Mid-America Apartment Communities, Inc. has a 1 year low of $137.32 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.77 and a beta of 0.78. The company has a fifty day moving average price of $144.06 and a 200-day moving average price of $152.22.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the prior year, the business posted $2.22 EPS. The business’s 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. As a group, equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.0%. 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.