Mid-America Apartment Communities, Inc. $MAA Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,575 shares of the real estate investment trust’s stock after selling 79 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Mid-America Apartment Communities were worth $233,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. 111 Capital acquired a new stake in Mid-America Apartment Communities in the second quarter valued at $417,000. QRG Capital Management Inc. grew its holdings in Mid-America Apartment Communities by 10.0% in the second quarter. QRG Capital Management Inc. now owns 56,015 shares of the real estate investment trust’s stock valued at $8,291,000 after purchasing an additional 5,080 shares during the last quarter. Ascent Group LLC grew its holdings in Mid-America Apartment Communities by 8.1% in the second quarter. Ascent Group LLC now owns 1,573 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 118 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Mid-America Apartment Communities in the second quarter valued at $74,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Mid-America Apartment Communities by 9.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,019 shares of the real estate investment trust’s stock valued at $2,963,000 after purchasing an additional 1,780 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MAA has been the topic of several research reports. Raymond James Financial lowered Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 24th. Scotiabank reduced their price objective on 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. The Goldman Sachs Group downgraded Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price objective on the stock. in a research report on Friday, July 11th. Piper Sandler reduced their price objective on Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reduced their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $136.23 on Wednesday. The business’s 50-day moving average price is $141.26 and its 200 day moving average price is $150.40. Mid-America Apartment Communities, Inc. has a twelve month low of $135.42 and a twelve month high of $173.38. The company has a market capitalization of $15.95 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.64 and a beta of 0.77. 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 earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same period in the prior year, the business posted $2.22 earnings per share. The firm’s revenue for the quarter 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, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 4.4%. This is a boost 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 dividend payout ratio (DPR) is currently 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.