Dividend IncreaseMAA announced an increase in its quarterly dividend, to $1.515 per share from $1.47.
Financial PerformanceAn NAV premium for this stock is justified, and the price target represents 7.2% capital appreciation and a current yield of 4.0%, for a potential total return of 11.2%.
Strategic PositioningMAA is ideally positioned to take advantage of the lack of affordability for individuals/families to own homes and a declining trend on new apartment construction deliveries, while benefiting from population growth.