Alliancebernstein L.P. Purchases 12,711 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Alliancebernstein L.P. increased its holdings in Mid-America Apartment Communities, Inc. by 2.8%, acquiring an additional 12,711 shares and now owns approximately 0.40% of the company, valued at $78.2 million.
• Despite recent adjustments from analysts decreasing target prices, there is a consensus rating of "Hold" on the stock, with predictions of continued earnings and potential growth.
• Mid-America Apartment Communities is set to pay a quarterly dividend of $1.0625, which results in an annualized yield of 2.9%, although the company's dividend payout ratio is high at 124.69%.

Alliancebernstein L.P. grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,754 shares of the real estate investment trust's stock after acquiring an additional 12,711 shares during the period. Alliancebernstein L.P. owned about 0.40% of Mid-America Apartment Communities worth $78,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Mid-America Apartment Communities by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock valued at $32,214,000 after acquiring an additional 2,800 shares during the period. Aurora Investment Counsel bought a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $1,929,000. Summit Trail Advisors LLC grew its position in shares of Mid-America Apartment Communities by 106.9% in the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after acquiring an additional 2,274 shares during the period. Starwood Capital Group Management L.L.C. grew its position in shares of Mid-America Apartment Communities by 17.7% in the 4th quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock valued at $33,914,000 after acquiring an additional 33,000 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of Mid-America Apartment Communities by 92.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock valued at $4,715,000 after acquiring an additional 13,482 shares during the period. Institutional investors own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

MAA has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. KeyCorp cut their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. The Goldman Sachs Group cut shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price for the company. in a research note on Friday, July 11th. Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Finally, Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. Eight equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $162.79.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock opened at $145.28 on Friday. Mid-America Apartment Communities, Inc. has a twelve month low of $137.32 and a twelve month high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a 50-day simple moving average of $145.88 and a two-hundred day simple moving average of $154.15. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 3.89 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share 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 business had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. During the same quarter in the previous year, the company earned $2.22 EPS. The business's revenue was up .6% on a year-over-year basis. 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. Analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 2.9%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 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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