Truist Financial Corp Has $3.27 Million Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Truist Financial Corp cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 27.8% in the second quarter, Holdings Channel.com reports. The fund owned 22,087 shares of the real estate investment trust’s stock after selling 8,495 shares during the quarter. Truist Financial Corp’s holdings in Mid-America Apartment Communities were worth $3,269,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in Mid-America Apartment Communities by 6.8% in the first quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 65 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Mid-America Apartment Communities by 2.6% in the first quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 70 shares during the last quarter. Ables Iannone Moore & Associates Inc. lifted its stake in shares of Mid-America Apartment Communities by 2.7% in the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 70 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Mid-America Apartment Communities by 3.5% in the first quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 80 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Mid-America Apartment Communities by 2.9% in the first quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 81 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAA. BNP Paribas Exane cut shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Barclays reduced their price objective 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 note on Tuesday, September 30th. Evercore ISI boosted their price objective on shares of Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Scotiabank reduced 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. Finally, KeyCorp reduced their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.78.

Mid-America Apartment Communities Trading Down 0.7%

Shares of MAA stock opened at $134.92 on Friday. Mid-America Apartment Communities, Inc. has a 1 year low of $134.35 and a 1 year high of $173.38. The firm’s fifty day simple moving average is $140.85 and its 200 day simple moving average is $150.10. The firm has a market capitalization of $15.79 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 3.63 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 announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. The business had revenue of $549.90 million for 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%. Mid-America Apartment Communities’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.22 earnings per share. 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, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.5%. Mid-America Apartment Communities’s payout ratio is presently 124.69%.

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.