Greenleaf Trust Trims Position in Mid-America Apartment Communities, Inc. $MAA

Greenleaf Trust lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 15.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,044 shares of the real estate investment trust’s stock after selling 375 shares during the quarter. Greenleaf Trust’s holdings in Mid-America Apartment Communities were worth $303,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 91 shares during the period. Financial Network Wealth Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter worth $29,000. Sound Income Strategies LLC lifted its stake in shares of Mid-America Apartment Communities by 972.2% during the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 175 shares during the period. AlphaQuest LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter worth $34,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.4%

Shares of Mid-America Apartment Communities stock opened at $136.79 on Friday. The company has a fifty day moving average price of $141.85 and a 200 day moving average price of $150.76. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a twelve month low of $136.07 and a twelve month high of $173.38. The stock has a market cap of $16.01 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 3.65 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. The firm had revenue of $549.90 million during 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 revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $2.22 EPS. 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 research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 4.4%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. Mid-America Apartment Communities’s payout ratio is presently 124.69%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAA. BNP Paribas Exane lowered Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Scotiabank lowered their price objective 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. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $161.00 to $150.00 in a research note on Thursday, August 14th. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday. They set a “neutral” rating and a $150.00 price objective for the company. Finally, BNP Paribas cut shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $161.78.

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.