Aberdeen Group plc Trims Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Aberdeen Group plc has reduced its holdings in Mid-America Apartment Communities, Inc. by 46.7% in the second quarter, now owning approximately 0.13% of the company.
• Mid-America Apartment Communities recently declared a quarterly dividend of $1.515 per share, which is a significant increase from its previous dividend of $1.06.
• The stock has seen recent downgrades from several investment analysts, with a consensus rating of "Hold" and a target price of $161.78.

Aberdeen Group plc reduced its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 46.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,695 shares of the real estate investment trust's stock after selling 130,154 shares during the period. Aberdeen Group plc owned approximately 0.13% of Mid-America Apartment Communities worth $22,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAA. Farther Finance Advisors LLC raised its stake in shares of Mid-America Apartment Communities by 133.8% during the first quarter. Farther Finance Advisors LLC now owns 2,291 shares of the real estate investment trust's stock valued at $384,000 after acquiring an additional 1,311 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Mid-America Apartment Communities by 34.6% during the first quarter. GAMMA Investing LLC now owns 3,467 shares of the real estate investment trust's stock valued at $581,000 after acquiring an additional 892 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Mid-America Apartment Communities by 94.1% during the first quarter. SG Americas Securities LLC now owns 6,229 shares of the real estate investment trust's stock valued at $1,044,000 after acquiring an additional 3,020 shares during the last quarter. CX Institutional bought a new position in shares of Mid-America Apartment Communities during the first quarter valued at about $153,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Mid-America Apartment Communities by 1.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,218 shares of the real estate investment trust's stock valued at $10,259,000 after acquiring an additional 613 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA opened at $134.49 on Tuesday. Mid-America Apartment Communities, Inc. has a 52 week low of $133.28 and a 52 week high of $173.38. The stock has a market capitalization of $15.74 billion, a P/E ratio of 27.67, a PEG ratio of 3.60 and a beta of 0.77. The firm has a fifty day simple moving average of $140.64 and a two-hundred day simple moving average of $149.48. 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 data 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. The business had revenue of $549.90 million during 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 firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last 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, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.06. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

Analyst Ratings Changes

A number of research firms recently issued reports on MAA. Weiss Ratings reissued a "hold (c)" rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Raymond James Financial downgraded shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "underperform" rating in a research note on Monday, September 29th. Finally, Cantor Fitzgerald assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 1st. They set a "neutral" rating and a $150.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $161.78.

About Mid-America Apartment Communities

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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