Ceredex Value Advisors LLC Has $31.23 Million Stock Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Ceredex Value Advisors LLC has reduced its stake in Mid-America Apartment Communities, Inc. by 28.6%, selling 74,481 shares and now holding approximately 186,369 shares valued at $31.2 million.
• Multiple analysts have downgraded their target prices for Mid-America Apartment Communities, with Piper Sandler lowering its target from $170 to $153 and Goldman Sachs changing its rating from "buy" to "neutral."
• The company's latest quarterly earnings showed a slight increase, reporting earnings per share of $2.15, which beat analyst estimates, but revenue was below expectations at $549.9 million.

Ceredex Value Advisors LLC trimmed its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 28.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,369 shares of the real estate investment trust's stock after selling 74,481 shares during the period. Ceredex Value Advisors LLC owned approximately 0.16% of Mid-America Apartment Communities worth $31,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position 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 worth $32,214,000 after purchasing an additional 2,800 shares during the last quarter. Aurora Investment Counsel acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $1,929,000. Summit Trail Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 106.9% during the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock worth $738,000 after buying an additional 2,274 shares during the last quarter. Starwood Capital Group Management L.L.C. grew its stake in shares of Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock worth $33,914,000 after acquiring an additional 33,000 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Mid-America Apartment Communities by 92.0% in the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock worth $4,715,000 after acquiring an additional 13,482 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

MAA traded down $0.31 during trading on Thursday, hitting $144.11. The company's stock had a trading volume of 389,118 shares, compared to its average volume of 948,954. The firm's 50 day moving average price is $146.32 and its two-hundred day moving average price is $154.68. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 3.86 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 12 month low of $137.32 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $549.90 million during the quarter, compared to analysts' expectations 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 for the quarter was up .6% compared to the same quarter last year. During the same period in the previous 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. Sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAA has been the subject of a number of research reports. JMP Securities increased their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Evercore ISI decreased their target price on Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company cut their price target on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada reduced their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $162.79.

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.