Asset Management One Co. Ltd. Buys 9,536 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Asset Management One increased its MAA stake by 4.2% in the third quarter, adding 9,536 shares to own 239,044 shares worth approximately $28.1 million. Institutional investors collectively hold 93.6% of the REIT’s stock.
• MAA’s third-quarter core FFO was $2.10 per share, in line with estimates, while revenue of $560.1 million exceeded expectations. Occupancy and lease renewals improved, and management forecast fourth-quarter core FFO of $2.12–$2.24 per share.
• Analysts maintain a consensus “Hold” rating, with an average price target of $137.82, while the stock recently traded at $117.98. MAA also offers an annualized dividend of $6.12 per share, yielding approximately 5.2%.

Asset Management One Co. Ltd. lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,044 shares of the real estate investment trust's stock after buying an additional 9,536 shares during the period. Asset Management One Co. Ltd. owned about 0.21% of Mid-America Apartment Communities worth $28,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abundance Wealth Counselors grew its holdings in shares of Mid-America Apartment Communities by 5.3% in the 3rd quarter. Abundance Wealth Counselors now owns 8,742 shares of the real estate investment trust's stock worth $1,029,000 after purchasing an additional 438 shares during the last quarter. Leeward Investments LLC MA lifted its holdings in Mid-America Apartment Communities by 6.9% during the 3rd quarter. Leeward Investments LLC MA now owns 65,484 shares of the real estate investment trust's stock valued at $7,710,000 after purchasing an additional 4,248 shares during the last quarter. Invested Advisors lifted its holdings in Mid-America Apartment Communities by 18.6% during the 3rd quarter. Invested Advisors now owns 1,985 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 311 shares during the last quarter. Signaturefd LLC lifted its holdings in Mid-America Apartment Communities by 23.0% during the 3rd quarter. Signaturefd LLC now owns 4,675 shares of the real estate investment trust's stock valued at $550,000 after purchasing an additional 875 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in Mid-America Apartment Communities by 2.8% in the third quarter. Yousif Capital Management LLC now owns 22,948 shares of the real estate investment trust's stock valued at $2,702,000 after buying an additional 622 shares in the last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities News Roundup

Here are the key news stories impacting Mid-America Apartment Communities this week:

• Positive Sentiment: Third-quarter core funds from operations (FFO) were $2.10 per share, matching consensus estimates, while revenue of $560.1 million exceeded expectations of approximately $558.1 million. Mid-America's Q3 FFO Meets Estimates, Revenues Beat as Occupancy Gains
• Positive Sentiment: Operating indicators improved: occupancy gains, stronger lease-renewal rates and contributions from newer communities supported results. October lease pricing also turned positive, suggesting a potentially gradual improvement in apartment fundamentals. MAA same-store NOI slips 1.8% but October lease pricing turns up
• Positive Sentiment: Management expects fourth-quarter core FFO of $2.12 to $2.24 per share, indicating sequentially stable-to-improving operating performance and supporting the view that a recovery may develop into 2027. MAA Expects Q4 FFO Range

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Mid-America Apartment Communities from $142.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 21st. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities to a "hold" rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald reissued a "neutral" rating on shares of Mid-America Apartment Communities in a report on Thursday, August 27th. Barclays reduced their target price on Mid-America Apartment Communities from $146.00 to $136.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 14th. Finally, Morgan Stanley decreased their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 12th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $137.82.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $117.98 on Friday. The stock has a 50-day simple moving average of $121.69 and a 200 day simple moving average of $129.26. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. Mid-America Apartment Communities, Inc. has a 12-month low of $113.95 and a 12-month high of $144.41. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 35.75 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.38). Mid-America Apartment Communities had a return on equity of 6.80% and a net margin of 17.43%. The company had revenue of $560.13 million for the quarter, compared to analyst estimates of $558.07 million. During the same quarter last year, the company earned $2.16 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.51 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $6.12 dividend on an annualized basis and a dividend yield of 5.2%. Mid-America Apartment Communities's payout ratio is currently 185.45%.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc NYSE: MAA is a real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.

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