APG Asset Management N.V. Sells 8,800 Shares of Mid-America Apartment Communities, Inc. $MAA

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 holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 6.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund 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 0.12% of Mid-America Apartment Communities worth $21,037,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings 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 worth $32,214,000 after acquiring an additional 2,800 shares during the last quarter. Aurora Investment Counsel bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth approximately $1,929,000. Summit Trail Advisors LLC lifted its holdings 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 worth $738,000 after acquiring an additional 2,274 shares during the last quarter. Starwood Capital Group Management L.L.C. lifted its holdings 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 worth $33,914,000 after acquiring an additional 33,000 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings 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 worth $4,715,000 after acquiring an additional 13,482 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Up 1.2%

MAA stock traded up $1.74 during trading on Friday, hitting $145.87. 594,416 shares of the stock traded hands, compared to its average volume of 877,176. Mid-America Apartment Communities, Inc. has a 1 year low of $137.32 and a 1 year high of $173.38. The firm's 50 day moving average is $146.27 and its two-hundred day moving average is $154.60. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 3.90 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

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 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. The company 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%. Mid-America Apartment Communities's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.22 EPS. 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, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAA. Royal Bank Of Canada lowered their price target on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Truist Financial lowered their price target 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. KeyCorp decreased their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their price objective for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a research report on Friday, July 11th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average price target of $162.79.

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.