Columbus Macro LLC Boosts Stock Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Columbus Macro LLC increased its stake in Mid-America Apartment Communities, Inc. (MAA) by 9.0%, acquiring an additional 4,280 shares in the second quarter, bringing its total to 51,643 shares valued at $7.64 million.
• Mid-America Apartment Communities reported a quarterly earnings per share (EPS) of $2.15, slightly above analysts' expectations, with a revenue of $549.90 million for the quarter.
• The company announced an increase in its quarterly dividend to $1.515 per share, set to be paid on October 31st, translating to an annualized dividend yield of 4.5%.

Columbus Macro LLC raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,643 shares of the real estate investment trust's stock after purchasing an additional 4,280 shares during the period. Columbus Macro LLC's holdings in Mid-America Apartment Communities were worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MAA. Nuveen LLC acquired a new stake in Mid-America Apartment Communities in the first quarter worth about $150,966,000. Deutsche Bank AG boosted its holdings in Mid-America Apartment Communities by 38.3% in the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock worth $284,188,000 after acquiring an additional 469,806 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in Mid-America Apartment Communities by 248.0% in the first quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust's stock worth $69,193,000 after acquiring an additional 294,245 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Mid-America Apartment Communities by 59.7% in the first quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust's stock worth $121,734,000 after acquiring an additional 272,030 shares in the last quarter. Finally, APG Asset Management US Inc. boosted its holdings in Mid-America Apartment Communities by 9.7% in the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock worth $514,081,000 after acquiring an additional 271,507 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 0.3%

Mid-America Apartment Communities stock opened at $135.87 on Thursday. The stock has a market capitalization of $15.91 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a 12 month low of $134.97 and a 12 month high of $173.38. The business has a 50 day simple moving average of $141.00 and a 200-day simple moving average of $150.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

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 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 business'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 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 anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $1.515 per share. The ex-dividend date 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 dividend yield of 4.5%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 124.69%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MAA shares. Scotiabank lowered their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a report on Thursday, August 14th. Evercore ISI lifted their target price on Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Barclays decreased their target price on Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, September 30th. Mizuho raised Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Finally, Wells Fargo & Company decreased their target price on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $161.78.

Mid-America Apartment Communities 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.

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