Mid-America Apartment Communities, Inc. $MAA Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Mid-America Apartment Communities by 31.5%, now owning 6,292 shares valued at approximately $1.05 million.
• Several hedge funds have increased their stakes in Mid-America Apartment Communities, with Capital World Investors increasing its holdings by 45.9% in the fourth quarter, now owning shares worth over $1 billion.
• Mid-America Apartment Communities has a current dividend yield of 4.3% following a quarterly dividend of $1.515, but the company has a high dividend payout ratio of 124.69%.

Gulf International Bank UK Ltd cut its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 31.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,292 shares of the real estate investment trust's stock after selling 2,897 shares during the quarter. Gulf International Bank UK Ltd's holdings in Mid-America Apartment Communities were worth $1,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Pension Service increased its stake in Mid-America Apartment Communities by 9.1% during the first quarter. National Pension Service now owns 192,719 shares of the real estate investment trust's stock worth $32,296,000 after acquiring an additional 16,020 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Mid-America Apartment Communities by 59.7% during 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 during the last quarter. Resona Asset Management Co. Ltd. increased its stake in Mid-America Apartment Communities by 6.5% during the first quarter. Resona Asset Management Co. Ltd. now owns 69,225 shares of the real estate investment trust's stock worth $11,514,000 after acquiring an additional 4,204 shares during the last quarter. HighTower Advisors LLC increased its stake in Mid-America Apartment Communities by 1.2% during the first quarter. HighTower Advisors LLC now owns 101,622 shares of the real estate investment trust's stock worth $17,030,000 after acquiring an additional 1,183 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC acquired a new stake in Mid-America Apartment Communities during the first quarter worth about $436,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

NYSE:MAA traded down $0.0150 during trading hours on Wednesday, reaching $142.3850. 393,545 shares of the stock were exchanged, compared to its average volume of 901,647. 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 firm has a 50 day simple moving average of $147.28 and a 200-day simple moving average of $155.33. Mid-America Apartment Communities, Inc. has a 52 week low of $137.32 and a 52 week high of $173.38. The stock has a market capitalization of $16.67 billion, a P/E ratio of 29.28, a P/E/G ratio of 3.75 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same quarter last year, the business posted $2.22 EPS. Mid-America Apartment Communities's quarterly revenue was up .6% compared to the same quarter last year. 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, 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 analyst reports. 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 report on Wednesday, August 13th. Evercore ISI decreased their price target on Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating for the company in a report on Tuesday, August 12th. Wall Street Zen upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. The Goldman Sachs Group cut Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target for the company. in a report on Friday, July 11th. Finally, JMP Securities increased their price target on 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. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $163.21.

Mid-America Apartment Communities Company 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.