Aberdeen Group plc Purchases 196,522 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Aberdeen Group plc increased its stake in Mid-America Apartment Communities by 238.7%, owning 278,849 shares valued at approximately $46.79 million as of the latest reporting period.
• Mid-America Apartment Communities reported earnings per share of $2.15 for the last quarter, slightly surpassing estimates, while revenue reached $549.90 million.
• The company announced a quarterly dividend of $1.515 per share, resulting in an annualized yield of 4.3%, although its dividend payout ratio is currently high at 124.69%.

Aberdeen Group plc grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 238.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 278,849 shares of the real estate investment trust's stock after purchasing an additional 196,522 shares during the period. Aberdeen Group plc owned approximately 0.24% of Mid-America Apartment Communities worth $46,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MAA. Financial Network Wealth Advisors LLC purchased a new position in Mid-America Apartment Communities during the first quarter valued at $29,000. Larson Financial Group LLC increased its stake in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 91 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Mid-America Apartment Communities during the 1st quarter valued at about $38,000. CoreCap Advisors LLC grew its holdings 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 worth $36,000 after purchasing an additional 112 shares during the period. Finally, GoalVest Advisory LLC grew its holdings in Mid-America Apartment Communities by 200.0% in the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 160 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAA. Raymond James Financial cut Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Scotiabank lowered their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 14th. Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and cut their price objective for the company from $161.00 to $150.00 in a research report on Thursday, August 14th. Truist Financial decreased their target price on shares of 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, Barclays dropped their target price on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $163.21.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock traded down $0.79 during mid-day trading on Thursday, reaching $141.57. 141,906 shares of the company's stock traded hands, compared to its average volume of 900,246. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $16.57 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 3.81 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 12 month low of $137.32 and a 12 month high of $173.38. The firm has a 50 day moving average price of $147.12 and a two-hundred day moving average price of $155.24.

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 business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Company 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.