Mid-America Apartment Communities, Inc. $MAA Shares Sold by Aurora Investment Managers LLC.

Aurora Investment Managers LLC. lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,193 shares of the real estate investment trust’s stock after selling 95 shares during the quarter. Mid-America Apartment Communities comprises about 2.3% of Aurora Investment Managers LLC.’s holdings, making the stock its 12th largest position. Aurora Investment Managers LLC.’s holdings in Mid-America Apartment Communities were worth $3,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. REAP Financial Group LLC increased its position in Mid-America Apartment Communities by 184.1% during the second quarter. REAP Financial Group LLC now owns 250 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 162 shares during the last quarter. Shell Asset Management Co. increased its position in Mid-America Apartment Communities by 8.9% during the second quarter. Shell Asset Management Co. now owns 10,791 shares of the real estate investment trust’s stock worth $1,597,000 after purchasing an additional 878 shares during the last quarter. Duncan Williams Asset Management LLC increased its holdings in shares of Mid-America Apartment Communities by 13.1% during the 2nd quarter. Duncan Williams Asset Management LLC now owns 2,180 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 252 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth $219,000. Finally, DAVENPORT & Co LLC increased its holdings in shares of Mid-America Apartment Communities by 42.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 18,450 shares of the real estate investment trust’s stock worth $2,728,000 after buying an additional 5,520 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MAA. Weiss Ratings restated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday. Piper Sandler dropped their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Cantor Fitzgerald initiated coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 target price for the company. Barclays dropped their target price on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. Finally, BNP Paribas lowered shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Price Performance

MAA opened at $135.87 on Thursday. The company has a fifty day simple moving average of $141.00 and a 200 day simple moving average of $150.30. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.64 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a twelve month low of $134.97 and a twelve month high of $173.38. 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 (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.01. The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the business 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company 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 dividend on an annualized basis and a yield of 4.5%. 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 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.