Korea Investment CORP Decreases Stake in Mid-America Apartment Communities, Inc. $MAA

Korea Investment CORP has reduced its stake in Mid-America Apartment Communities (MAA) by 42.9%, selling over 50,000 shares. Despite a significant quarterly EPS miss, the REIT raised its quarterly dividend, though its payout ratio is high at 161.9%. Analysts maintain a “Hold” rating with an average target price of $150.58 for MAA.