Mid-America Apartment Communities, Inc. $MAA Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has decreased its stake in Mid-America Apartment Communities, Inc. by 6.1%, selling 8,800 shares and now holding 135,600 shares valued at approximately $21 million.
• Wall Street analysts have lowered their price targets for Mid-America Apartment Communities, with Morgan Stanley reducing its target from $177 to $169 and Barclays from $172 to $156.
• The company's latest earnings report shows a slight increase in revenue and earnings per share, beating analyst expectations with $2.15 EPS for the quarter, compared to estimates of $2.14.

APG Asset Management N.V. trimmed its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,600 shares of the real estate investment trust's stock after selling 8,800 shares during the quarter. APG Asset Management N.V. owned approximately 0.12% of Mid-America Apartment Communities worth $21,037,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings 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 valued at $32,214,000 after purchasing an additional 2,800 shares in the last quarter. Aurora Investment Counsel purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter valued at approximately $1,929,000. Summit Trail Advisors LLC increased its holdings 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 valued at $738,000 after purchasing an additional 2,274 shares in the last quarter. Starwood Capital Group Management L.L.C. raised its stake 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 buying an additional 33,000 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake 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 buying an additional 13,482 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. 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 report on Friday, July 11th. Piper Sandler reduced their price objective on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Scotiabank reduced their price objective on shares of 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. Finally, Robert W. Baird upped their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Eight 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $162.79.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA traded down $0.31 during midday trading on Thursday, hitting $144.11. The company had a trading volume of 389,118 shares, compared to its average volume of 900,678. 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 debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 3.81 and a beta of 0.75. The business's 50-day simple moving average is $146.42 and its 200-day simple moving average is $154.77.

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 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The firm had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. During the same quarter last year, the firm earned $2.22 earnings per share. The business's revenue for the quarter 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. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

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.