Hahn Capital Management LLC Sells 4,974 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Hahn Capital Management LLC decreased its stake in Mid-America Apartment Communities by 9.1%, now holding 49,654 shares valued at approximately $8.32 million.
• Mid-America Apartment Communities has an average target price of $162.41 and a consensus rating of "Hold" according to recent equity analysts.
• The company recently announced a quarterly dividend of $1.0625, with a yield of 2.9% and a payout ratio of 124.69%.

Hahn Capital Management LLC reduced its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,654 shares of the real estate investment trust's stock after selling 4,974 shares during the quarter. Mid-America Apartment Communities makes up about 4.0% of Hahn Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Hahn Capital Management LLC's holdings in Mid-America Apartment Communities were worth $8,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MAA. Principal Financial Group Inc. boosted its position in shares of Mid-America Apartment Communities by 1.5% during the first quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust's stock worth $32,214,000 after buying an additional 2,800 shares during the period. Aurora Investment Counsel acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $1,929,000. Summit Trail Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 106.9% during the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after acquiring an additional 2,274 shares during the last quarter. Starwood Capital Group Management L.L.C. raised its stake in Mid-America Apartment Communities by 17.7% during the 4th quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock valued at $33,914,000 after purchasing an additional 33,000 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in Mid-America Apartment Communities by 92.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock valued at $4,715,000 after purchasing an additional 13,482 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Down 1.4%

MAA traded down $1.96 during trading on Friday, hitting $142.13. The company had a trading volume of 737,060 shares, compared to its average volume of 699,788. The company has a market capitalization of $16.64 billion, a PE ratio of 29.25, a PEG ratio of 3.80 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a one year low of $137.32 and a one year high of $173.38. The firm's 50-day moving average price is $145.28 and its 200 day moving average price is $153.40. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 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 firm had revenue of $549.90 million for the quarter, compared to analysts' expectations of $552.19 million. During the same period in the previous year, the firm posted $2.22 EPS. The company's revenue for the quarter 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. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio is currently 124.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MAA shares. 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. Barclays reduced their target price on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and reduced their target price for the company from $161.00 to $150.00 in a research note on Thursday, August 14th. KeyCorp dropped 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 report on Wednesday, August 13th. Finally, Royal Bank Of Canada dropped their price objective on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.