Allianz Asset Management GmbH Grows Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Allianz Asset Management GmbH increased its stake in Mid-America Apartment Communities, Inc. by 8.8% in Q2, now owning approximately 0.11% of the company valued at $18.71 million.
• Mid-America Apartment Communities recently announced a quarterly dividend of $1.515, reflecting an increase from the previous $1.06, with a substantial annualized yield of 4.6%.
• Despite a slight earnings miss and revenue falling short of expectations, analysts maintain a predominantly Hold rating on the stock, with an average target price of $161.78.

Allianz Asset Management GmbH grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,413 shares of the real estate investment trust's stock after buying an additional 10,236 shares during the period. Allianz Asset Management GmbH owned approximately 0.11% of Mid-America Apartment Communities worth $18,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAA. Nuveen LLC purchased a new position in Mid-America Apartment Communities in the 1st quarter worth approximately $150,966,000. Deutsche Bank AG boosted its stake in shares of Mid-America Apartment Communities by 38.3% in the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock valued at $284,188,000 after purchasing an additional 469,806 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Mid-America Apartment Communities by 248.0% in the 1st quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust's stock valued at $69,193,000 after purchasing an additional 294,245 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Mid-America Apartment Communities by 59.7% in the 1st quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust's stock valued at $121,734,000 after purchasing an additional 272,030 shares in the last quarter. Finally, APG Asset Management US Inc. boosted its stake in shares of Mid-America Apartment Communities by 9.7% in the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock valued at $514,081,000 after purchasing an additional 271,507 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 1.0%

Shares of MAA opened at $132.71 on Monday. The stock has a market capitalization of $15.54 billion, a P/E ratio of 27.31, a PEG ratio of 3.55 and a beta of 0.77. 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 firm has a fifty day simple moving average of $139.94 and a two-hundred day simple moving average of $148.52. Mid-America Apartment Communities, Inc. has a twelve month low of $131.17 and a twelve month high of $173.38.

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 for the quarter, beating 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 prior year, the company posted $2.22 EPS. The firm's revenue for the quarter 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. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities's previous quarterly dividend of $1.06. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.6%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. UBS Group cut their price objective on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research note on Tuesday, July 15th. The Goldman Sachs Group cut shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective for the company. in a research note on Friday, July 11th. Morgan Stanley cut 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 note on Wednesday, August 13th. Finally, 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 note on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $161.78.

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.

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