Goldman Sachs Group Inc. Has $95.15 Million Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Goldman Sachs Group Inc. increased its ownership of Mid-America Apartment Communities by 21.6%, acquiring a total of 567,771 shares valued at approximately $95.15 million.
• Mid-America Apartment Communities reported a quarterly earnings per share of $2.15, slightly exceeding analysts' expectations, but its revenue fell short of estimates at $549.90 million.
• The company recently announced a quarterly dividend of $1.0625 per share, although its dividend payout ratio is notably high at 124.69%.

Goldman Sachs Group Inc. boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 21.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 567,771 shares of the real estate investment trust's stock after purchasing an additional 100,714 shares during the period. Goldman Sachs Group Inc. owned 0.49% of Mid-America Apartment Communities worth $95,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stance Capital LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter worth about $1,327,000. Nissay Asset Management Corp Japan ADV increased its holdings in Mid-America Apartment Communities by 0.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 31,280 shares of the real estate investment trust's stock worth $5,242,000 after purchasing an additional 214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mid-America Apartment Communities by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust's stock worth $2,149,000 after purchasing an additional 620 shares in the last quarter. Concentric Capital Strategies LP acquired a new position in Mid-America Apartment Communities in the 1st quarter worth about $1,400,000. Finally, Alliancebernstein L.P. increased its holdings in Mid-America Apartment Communities by 2.8% in the 1st quarter. Alliancebernstein L.P. now owns 466,754 shares of the real estate investment trust's stock worth $78,219,000 after purchasing an additional 12,711 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 1.4%

Shares of NYSE:MAA opened at $142.13 on Friday. The business's 50 day simple moving average is $145.28 and its two-hundred day simple moving average is $153.56. The firm has a market cap of $16.64 billion, a P/E ratio of 29.25, a PEG ratio of 3.85 and a beta of 0.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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. The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAA. UBS Group lowered their target price on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a report on Tuesday, July 15th. Morgan Stanley decreased their price target on 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. Wells Fargo & Company decreased their price target on Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Truist Financial decreased their price target on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Finally, Scotiabank decreased 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 research note on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $162.41.

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.

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