Concentric Capital Strategies LP Makes New $1.40 Million Investment in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Concentric Capital Strategies LP acquired a new stake in Mid-America Apartment Communities, purchasing 8,352 shares valued at approximately $1.4 million in the first quarter.
• The company's recent earnings report showed an EPS of $2.15, slightly exceeding analysts' expectations, but revenue was below predictions at $549.90 million.
• Mid-America Apartment Communities declared a quarterly dividend of $1.0625 per share, representing an annualized dividend of $4.25, with a dividend payout ratio currently at 124.69%.

Concentric Capital Strategies LP purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,352 shares of the real estate investment trust's stock, valued at approximately $1,400,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 91 shares in the last quarter. Financial Network Wealth Advisors LLC bought a new position in Mid-America Apartment Communities in the 1st quarter valued at $29,000. AlphaQuest LLC bought a new position in Mid-America Apartment Communities in the 1st quarter valued at $34,000. CoreCap Advisors LLC boosted its position in Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 112 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Mid-America Apartment Communities in the 1st quarter valued at $38,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Up 0.9%

Shares of NYSE:MAA traded up $1.28 during midday trading on Friday, hitting $145.28. The company had a trading volume of 620,270 shares, compared to its average volume of 758,036. Mid-America Apartment Communities, Inc. has a 12 month low of $137.32 and a 12 month high of $173.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 3.89 and a beta of 0.78. The firm has a fifty day simple moving average of $145.88 and a 200 day simple moving average of $154.15.

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

Mid-America Apartment Communities Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 2.9%. Mid-America Apartment Communities's dividend payout ratio is presently 124.69%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore ISI decreased their price objective 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. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Piper Sandler decreased their price objective on 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. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. Finally, Raymond James Financial lowered Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.