Stance Capital LLC Buys Shares of 7,917 Mid-America Apartment Communities, Inc. $MAA

Key Points

• Stance Capital LLC acquired 7,917 shares of Mid-America Apartment Communities, Inc. valued at approximately $1,327,000 in the first quarter.
• Several research firms have adjusted their ratings and price targets for Mid-America, with UBS Group lowering its target from $149.00 to $142.00 and maintaining a "sell" rating.
• Mid-America Apartment Communities recently cut its quarterly dividend, with a payout ratio of 124.69%, reflecting financial adjustments amid changing market conditions.

Stance Capital LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,917 shares of the real estate investment trust's stock, valued at approximately $1,327,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Mid-America Apartment Communities by 1.5% during the 1st 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 during the period. Aurora Investment Counsel acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $1,929,000. Summit Trail Advisors LLC raised its position in shares of Mid-America Apartment Communities by 106.9% during the 1st 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 during the period. Starwood Capital Group Management L.L.C. raised its position in shares of Mid-America Apartment Communities by 17.7% during the 4th 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 during the period. Finally, Stratos Wealth Partners LTD. raised its position in shares of Mid-America Apartment Communities by 92.0% during the 1st 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 during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded down $4.17 during trading hours on Wednesday, hitting $141.26. 744,207 shares of the company's stock traded hands, compared to its average volume of 890,334. The company's fifty day simple moving average is $145.74 and its two-hundred day simple moving average is $153.94. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 3.87 and a beta of 0.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current 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.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted 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 net margin of 25.98% and a return on equity of 9.35%. The firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the previous year, the business posted $2.22 earnings per share. The firm's quarterly 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 anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

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

Analysts Set New Price Targets

MAA has been the topic of a number of research reports. Evercore ISI dropped their price target on Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. 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 on the stock in a research report on Friday, August 1st. Scotiabank lowered their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 14th. Finally, Barclays lowered their target price on Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average target price of $162.78.

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.