Farmers Trust Co. Sells 13,395 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Farmers Trust Co. has reduced its holdings in Mid-America Apartment Communities, Inc. by 33.6%, selling 13,395 shares and now owning 26,499 shares, valued at approximately $3.9 million.
• Several hedge funds have adjusted their stakes in MAA, with notable increases from companies like Toronto Dominion Bank and GF Fund Management, indicating ongoing interest in the real estate investment trust.
• Mid-America Apartment Communities has faced mixed ratings from analysts, with recent downgrades impacting its stock outlook, yet it maintains a consensus rating of "Hold" and an average target price of $162.53.

Farmers Trust Co. cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 33.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,499 shares of the real estate investment trust's stock after selling 13,395 shares during the period. Farmers Trust Co.'s holdings in Mid-America Apartment Communities were worth $3,922,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MAA. State of Wyoming lifted its stake in Mid-America Apartment Communities by 15.4% in the fourth quarter. State of Wyoming now owns 742 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 99 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at about $328,000. Toronto Dominion Bank raised its stake in shares of Mid-America Apartment Communities by 32.4% during the fourth quarter. Toronto Dominion Bank now owns 76,404 shares of the real estate investment trust's stock valued at $11,810,000 after acquiring an additional 18,702 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Mid-America Apartment Communities by 2.9% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 14,666 shares of the real estate investment trust's stock valued at $2,267,000 after acquiring an additional 418 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at about $14,217,000. 93.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MAA. Raymond James Financial downgraded shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. KeyCorp decreased their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Morgan Stanley decreased their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their price target for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $162.53.

Mid-America Apartment Communities Trading Up 0.3%

Shares of MAA stock opened at $141.35 on Tuesday. 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 firm's 50 day moving average is $144.06 and its 200 day moving average is $152.22. The stock has a market capitalization of $16.55 billion, a P/E ratio of 29.08, a P/E/G ratio of 3.77 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its 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 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 analysts' expectations of $552.19 million. During the same quarter last year, the company posted $2.22 earnings per share. The firm's quarterly 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. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio is presently 124.69%.

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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