OVERSEA CHINESE BANKING Corp Ltd Sells 28,265 Shares of Mid-America Apartment Communities, Inc. $MAA

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 71.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,046 shares of the real estate investment trust’s stock after selling 28,265 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Mid-America Apartment Communities were worth $1,635,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $26,000. Larson Financial Group LLC boosted its stake in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 91 shares during the last quarter. Financial Network Wealth Advisors LLC bought a new position in Mid-America Apartment Communities in the first quarter valued at approximately $29,000. Sound Income Strategies LLC boosted its stake in Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in Mid-America Apartment Communities in the first quarter valued at approximately $34,000. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Trading Down 0.6%

Shares of NYSE:MAA opened at $133.18 on Tuesday. Mid-America Apartment Communities, Inc. has a 12 month low of $131.17 and a 12 month high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $139.23 and its 200 day simple moving average is $147.70. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.58 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same period last year, the business posted $2.22 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. 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, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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. Shareholders of record on Wednesday, October 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, October 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.69%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAA. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective on the stock. Evercore ISI reduced their price objective on shares of Mid-America Apartment Communities from $154.00 to $153.00 and set an “in-line” rating on the stock in a research note on Monday, October 13th. The Goldman Sachs Group cut shares of 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 note on Friday, July 11th. Scotiabank reduced their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 14th. Finally, Morgan Stanley reduced their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Eight research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.