Fox Run Management L.L.C. Takes $526,000 Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Fox Run Management L.L.C. purchased 3,139 shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) valued at approximately $526,000 during the first quarter.
• Analysts have varying target prices for the stock, with UBS Group lowering their target from $149.00 to $142.00 and JMP Securities raising theirs from $160.00 to $170.00.
• The company reported a quarterly dividend of $1.515 per share, equating to a 4.3% yield, with a high dividend payout ratio of 124.69%.

Fox Run Management L.L.C. acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,139 shares of the real estate investment trust's stock, valued at approximately $526,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities during the first quarter valued at $29,000. Larson Financial Group LLC boosted its position in shares of Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 91 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Mid-America Apartment Communities in the first quarter worth approximately $38,000. CoreCap Advisors LLC lifted its stake in Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 112 shares during the period. Finally, GoalVest Advisory LLC increased its stake in shares of Mid-America Apartment Communities by 200.0% in the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 160 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Up 1.0%

MAA stock traded up $1.3450 during midday trading on Friday, hitting $142.3550. The stock had a trading volume of 535,933 shares, compared to its average volume of 901,021. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 3.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The business has a 50-day moving average of $146.92 and a two-hundred day moving average of $155.16.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.01. The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company's revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $2.22 earnings per share. 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, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MAA has been the subject of a number of research reports. Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. UBS Group cut their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. Robert W. Baird raised their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Truist Financial decreased their price objective on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Morgan Stanley reduced their target price on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $163.21.

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.