Asset Management One Co. Ltd. Has $35.11 Million Stake in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Asset Management One Co. Ltd. has reduced its stake in Mid-America Apartment Communities by 1.7%, holding approximately $35.11 million worth of shares.
• Recent research reports have shown mixed ratings for Mid-America Apartment Communities, with Wells Fargo raising its price objective while BNP Paribas downgraded the stock to a "strong sell" rating.
• The company has announced an increase in its quarterly dividend to $1.515, reflecting a positive change and a dividend yield of 4.5%.

Asset Management One Co. Ltd. decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,189 shares of the real estate investment trust's stock after selling 4,172 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.20% of Mid-America Apartment Communities worth $35,106,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted 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 acquiring an additional 2,800 shares in the last quarter. Aurora Investment Counsel acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $1,929,000. Summit Trail Advisors LLC boosted 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 acquiring an additional 2,274 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings 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 valued at $4,715,000 after acquiring an additional 13,482 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Mid-America Apartment Communities by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock valued at $60,708,000 after acquiring an additional 5,650 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAA. Wells Fargo & Company raised their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, October 13th. BNP Paribas lowered Mid-America Apartment Communities from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Evercore ISI reduced their price target on Mid-America Apartment Communities from $154.00 to $153.00 and set an "in-line" rating on the stock in a research report on Monday, October 13th. UBS Group reduced their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research report on Tuesday, July 15th. Finally, Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $150.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $161.78.

Mid-America Apartment Communities Stock Down 0.3%

Shares of NYSE:MAA opened at $134.03 on Friday. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 3.60 and a beta of 0.77. 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 business's 50-day moving average is $139.37 and its 200-day moving average is $147.96. Mid-America Apartment Communities, Inc. has a 1 year low of $131.17 and a 1 year high of $173.38.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 9.35% and a net margin of 25.98%.The firm's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $1.515 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Mid-America Apartment Communities's previous quarterly dividend of $1.06. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 124.69%.

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.

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