BI Asset Management Fondsmaeglerselskab A S Has $859,000 Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Mid-America Apartment Communities by 26.5%, now holding shares valued at $859,000.
• Several institutional investors have increased their holdings in the company, with 93.60% of the stock currently owned by institutional entities.
• Mid-America Apartment Communities reported earnings of $2.15 per share for the last quarter, slightly exceeding consensus estimates.

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,125 shares of the real estate investment trust's stock after selling 1,850 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Mid-America Apartment Communities were worth $859,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Network Wealth Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $29,000. Larson Financial Group LLC lifted its position in shares of Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 91 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $38,000. CoreCap Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares in the last quarter. Finally, GoalVest Advisory LLC lifted its position in shares of Mid-America Apartment Communities by 200.0% during the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 160 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Up 1.3%

MAA opened at $142.8890 on Friday. The firm's fifty day moving average is $146.78 and its two-hundred day moving average is $155.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $16.73 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 3.77 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a twelve month low of $137.32 and a twelve month high of $173.38.

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 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.01. The company had revenue of $549.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same period last 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. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Piper Sandler reduced their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Evercore ISI cut their price objective on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. UBS Group cut their price objective on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Finally, Truist Financial cut their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of "Hold" and a consensus target price of $163.21.

Mid-America Apartment Communities Company Profile

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.

Want to see what other hedge funds are holding MAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.