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Mid-America Apartment Communities said on March 1, 2023 that its board of directors declared a regular
quarterly dividend of $1.06 per share ($4.25 annualized).
Previously, the company paid $1.40 per share.
Shares must be purchased before the ex-div date of March 14, 2023 to qualify for the dividend.
Shareholders of record as of March 15, 2023
will receive the payment on March 31, 2023.
At the current share price of $155.92 / share,
the stock’s dividend yield is 2.73%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.10%,
the lowest has been 1.92%,
and the highest has been 4.72%.
The standard deviation of yields is 0.61 (n=237).
The current dividend yield is
0.61 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 1.02.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.40%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 18.19% Upside
As of March 10, 2023,
the average one-year price target for Mid-America Apartment Communities is $184.28.
The forecasts range from a low of $159.58 to a high of $215.25.
The average price target represents an increase of 18.19% from its latest reported closing price of $155.92.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mid-America Apartment Communities
is $2,193MM, an increase of 8.57%.
The projected annual non-GAAP EPS
is $4.58.
What is the Fund Sentiment?
There are 1720 funds or institutions reporting positions in Mid-America Apartment Communities.
This is an increase
of
61
owner(s) or 3.68% in the last quarter.
Average portfolio weight of all funds dedicated to MAA is 0.42%,
an increase
of 3.28%.
Total shares owned by institutions increased
in the last three months by 4.70% to 100,722K shares.
The put/call ratio of MAA is 1.70, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Cohen & Steers
holds 9,803K shares
representing 8.41% ownership of the company.
In it’s prior filing, the firm reported owning 5,889K shares, representing
an increase
of 39.92%.
The firm
increased
its portfolio allocation in MAA by 66.26% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 5,234K shares
representing 4.49% ownership of the company.
In it’s prior filing, the firm reported owning 5,290K shares, representing
a decrease
of 1.07%.
The firm
increased
its portfolio allocation in MAA by 1.01% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 3,507K shares
representing 3.01% ownership of the company.
In it’s prior filing, the firm reported owning 1,570K shares, representing
an increase
of 55.24%.
The firm
increased
its portfolio allocation in MAA by 912.56% over the last quarter.
APG Asset Management US
holds 3,371K shares
representing 2.89% ownership of the company.
In it’s prior filing, the firm reported owning 3,353K shares, representing
an increase
of 0.52%.
The firm
increased
its portfolio allocation in MAA by 0.80% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares
holds 2,685K shares
representing 2.30% ownership of the company.
In it’s prior filing, the firm reported owning 2,662K shares, representing
an increase
of 0.87%.
The firm
decreased
its portfolio allocation in MAA by 6.19% over the last quarter.
Mid-America Apartment Communities Background Information
(This description is provided by the company.)
MAA is a self-administered real estate investment trust and member of the S&P 500. MAA owns and manages apartment communities throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. and is focused on delivering strong, full-cycle investment performance for shareholders.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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