Duncan Williams Asset Management LLC Buys 252 Shares of Mid-America Apartment Communities, Inc. $MAA

Duncan Williams Asset Management LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,180 shares of the real estate investment trust’s stock after acquiring an additional 252 shares during the period. Duncan Williams Asset Management LLC’s holdings in Mid-America Apartment Communities were worth $323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAA. Valeo Financial Advisors LLC bought a new position in Mid-America Apartment Communities in the second quarter valued at about $219,000. DAVENPORT & Co LLC raised its holdings in Mid-America Apartment Communities by 42.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 18,450 shares of the real estate investment trust’s stock valued at $2,728,000 after buying an additional 5,520 shares during the last quarter. 111 Capital bought a new position in Mid-America Apartment Communities in the 2nd quarter valued at approximately $417,000. QRG Capital Management Inc. boosted its position in Mid-America Apartment Communities by 10.0% during the 2nd quarter. QRG Capital Management Inc. now owns 56,015 shares of the real estate investment trust’s stock worth $8,291,000 after buying an additional 5,080 shares during the period. Finally, Ascent Group LLC grew its holdings in Mid-America Apartment Communities by 8.1% during the 2nd quarter. Ascent Group LLC now owns 1,573 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.5%

MAA opened at $136.05 on Tuesday. The company has a fifty day moving average price of $141.58 and a two-hundred day moving average price of $150.50. Mid-America Apartment Communities, Inc. has a 1-year low of $135.42 and a 1-year high of $173.38. The company has a market cap of $15.93 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 3.65 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 issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating 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 company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same period last year, the business posted $2.22 EPS. 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. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $1.515 per share. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 124.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Morgan Stanley lowered their price objective on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. Evercore ISI upped their target price on Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Mizuho upgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Saturday. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $161.78.

Mid-America Apartment Communities 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.