Bayforest Capital Ltd Has $618,000 Stake in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Bayforest Capital Ltd increased its stake in Mid-America Apartment Communities, Inc. by 113.7% in the second quarter, now holding shares worth $618,000.
• Mid-America Apartment Communities recently announced a quarterly dividend of $1.515 per share, a rise from the previous $1.06, representing a 4.5% yield.
• Despite mixed ratings from analysts, the stock has a consensus price target of $161.78, with eight analysts rating it as a Buy and three as a Sell.

Bayforest Capital Ltd increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 113.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,174 shares of the real estate investment trust's stock after purchasing an additional 2,221 shares during the period. Bayforest Capital Ltd's holdings in Mid-America Apartment Communities were worth $618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in 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 purchasing an additional 2,800 shares during the period. Aurora Investment Counsel acquired a new position in Mid-America Apartment Communities in the 1st quarter worth approximately $1,929,000. Summit Trail Advisors LLC boosted its stake in 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 purchasing an additional 2,274 shares during the period. Stratos Wealth Partners LTD. boosted its stake in 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 purchasing an additional 13,482 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Mid-America Apartment Communities by 1.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock worth $60,708,000 after purchasing an additional 5,650 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MAA shares. Piper Sandler cut their target price 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. Morgan Stanley dropped their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Scotiabank dropped their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a research note on Thursday, August 14th. UBS Group dropped their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research note on Tuesday, July 15th. 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 price target on the stock. in a research note on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $161.78.

Mid-America Apartment Communities Trading Down 0.5%

Mid-America Apartment Communities stock opened at $133.85 on Wednesday. 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 company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.60 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a one year low of $133.24 and a one year high of $173.38. The company's fifty day moving average price is $140.48 and its two-hundred day moving average price is $149.37.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $2.14 by $0.01. The firm 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%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 earnings per share. 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, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

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