4,509 Shares in Mid-America Apartment Communities, Inc. $MAA Acquired by Invst LLC

Key Points

• Invst LLC acquired 4,509 shares of Mid-America Apartment Communities, Inc. valued at approximately $756,000 during the first quarter.
• Mid-America Apartment Communities has a dividend payout ratio of 124.69%, with a quarterly dividend of $1.0625 per share representing a 3.0% yield.
• Analyst ratings for the stock include eight "Buy," eight "Hold," and one "Sell," with a consensus target price of $162.41.

Invst LLC 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 4,509 shares of the real estate investment trust's stock, valued at approximately $756,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Mid-America Apartment Communities by 1.5% in the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock worth $32,214,000 after purchasing an additional 2,800 shares in the last quarter. Aurora Investment Counsel bought a new stake in Mid-America Apartment Communities in the first quarter worth approximately $1,929,000. Summit Trail Advisors LLC increased its holdings in Mid-America Apartment Communities by 106.9% in the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock worth $738,000 after purchasing an additional 2,274 shares in the last quarter. Starwood Capital Group Management L.L.C. increased its holdings in Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock worth $33,914,000 after purchasing an additional 33,000 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Mid-America Apartment Communities by 92.0% in the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock worth $4,715,000 after purchasing an additional 13,482 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MAA shares. Truist Financial lowered their target price 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. Royal Bank Of Canada lowered their target price on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. UBS Group decreased their price objective on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a report on Tuesday, July 15th. JMP Securities boosted their price objective on Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a report on Thursday, May 22nd. Finally, Mizuho upgraded Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $162.41.

Mid-America Apartment Communities Trading Down 1.4%

NYSE MAA opened at $142.13 on Friday. The business has a 50 day moving average price of $145.28 and a 200-day moving average price of $153.56. Mid-America Apartment Communities, Inc. has a 52 week low of $137.32 and a 52 week high of $173.38. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 3.85 and a beta of 0.78. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

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

Mid-America Apartment Communities Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

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.

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