Mid-America Apartment Communities, Inc. (MAA) to Distribute Quarterly Dividend of $1.53 on October 30th

Mid-America Apartment Communities, Inc. (NYSE:MAA) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Thursday, October 15th will be paid a dividend of 1.53 per share by the real estate investment trust on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 15th.

Mid-America Apartment Communities has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 16 years. Mid-America Apartment Communities has a payout ratio of 157.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Mid-America Apartment Communities to earn $8.59 per share next year, which means the company should continue to be able to cover its $6.12 annual dividend with an expected future payout ratio of 71.2%.

Mid-America Apartment Communities Trading Down 1.1%

Mid-America Apartment Communities stock opened at $117.83 on Thursday. Mid-America Apartment Communities has a one year low of $117.71 and a one year high of $144.41. The company’s fifty day moving average price is $129.91 and its two-hundred day moving average price is $130.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 34.45 and a beta of 0.73.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $1.32. The company had revenue of $555.13 million during the quarter, compared to the consensus estimate of $556.18 million. Mid-America Apartment Communities had a return on equity of 6.99% and a net margin of 18.17%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.15 EPS. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. On average, analysts forecast that Mid-America Apartment Communities will post 8.51 earnings per share for the current fiscal year.

Institutional Trading of Mid-America Apartment Communities

Hedge funds have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC lifted its holdings in shares of Mid-America Apartment Communities by 593.1% during the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 172 shares during the last quarter. Raiffeisen Bank International AG boosted its position in shares of Mid-America Apartment Communities by 116.7% in the second quarter. Raiffeisen Bank International AG now owns 221 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 119 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter worth $32,000. Root Financial Partners LLC grew its stake in shares of Mid-America Apartment Communities by 3,100.0% in the first quarter. Root Financial Partners LLC now owns 288 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 279 shares during the last quarter. Finally, Transamerica Financial Advisors LLC bought a new position in Mid-America Apartment Communities during the second quarter worth $37,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a self-administered and self-managed real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company focuses primarily on conventional apartment properties and generates revenue through leasing residential units to individuals and families.

MAA’s portfolio is concentrated in the Sun Belt region of the United States, including markets across the Southeast, Southwest and parts of the South Central United States.