BNP Paribas Financial Markets Sells 12,506 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• BNP Paribas Financial Markets reduced its stake in Mid-America Apartment Communities by 6.5%, holding 178,929 shares valued at approximately $29.99 million as of its latest SEC filing.
• A variety of institutional investors increased their holdings in Mid-America Apartment Communities, with Smartleaf Asset Management LLC raising its stake by 6.8%.
• Analysts have downgraded Mid-America Apartment Communities' target prices, with Scotiabank lowering its target from $180 to $170, while maintaining a "sector outperform" rating.

BNP Paribas Financial Markets reduced its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 178,929 shares of the real estate investment trust's stock after selling 12,506 shares during the period. BNP Paribas Financial Markets owned approximately 0.15% of Mid-America Apartment Communities worth $29,985,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in Mid-America Apartment Communities by 6.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock valued at $169,000 after acquiring an additional 65 shares during the last quarter. Alhambra Investment Management LLC increased its holdings in Mid-America Apartment Communities by 3.1% in the 1st quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock valued at $363,000 after acquiring an additional 66 shares during the last quarter. Stephens Inc. AR increased its holdings in Mid-America Apartment Communities by 2.6% in the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after acquiring an additional 70 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Mid-America Apartment Communities by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock valued at $394,000 after acquiring an additional 80 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Mid-America Apartment Communities by 2.9% in the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock valued at $478,000 after acquiring an additional 81 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Up 0.9%

Mid-America Apartment Communities stock traded up $1.28 during midday trading on Friday, reaching $145.28. The stock had a trading volume of 620,270 shares, compared to its average volume of 758,036. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The firm has a market cap of $17.01 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 3.89 and a beta of 0.78. The company has a fifty day moving average of $145.88 and a 200 day moving average of $154.15.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same period in the prior year, the company posted $2.22 EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. 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 anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 2.9%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. 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 report on Monday, August 4th. Scotiabank reduced their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 14th. Evercore ISI reduced their target price 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. Finally, Raymond James Financial downgraded shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $162.79.

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.