Korea Investment CORP Sells 3,079 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Korea Investment CORP reduced its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.4%, now holding approximately 0.06% of the company, valued at $11.15 million.
• Mid-America Apartment Communities reported earnings per share of $2.15 for the last quarter, slightly beating analyst expectations, with a revenue of $549.9 million.
• Institutional investors currently own 93.60% of Mid-America Apartment Communities' stock, indicating a strong interest from large financial stakeholders.

Korea Investment CORP reduced its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,553 shares of the real estate investment trust's stock after selling 3,079 shares during the period. Korea Investment CORP owned about 0.06% of Mid-America Apartment Communities worth $11,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp boosted its position in shares of Mid-America Apartment Communities by 4.8% in the first quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust's stock worth $327,247,000 after purchasing an additional 89,370 shares during the period. Deutsche Bank AG boosted its position in shares of Mid-America Apartment Communities by 38.3% during the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock worth $284,188,000 after acquiring an additional 469,806 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Mid-America Apartment Communities by 5.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,986 shares of the real estate investment trust's stock worth $174,507,000 after acquiring an additional 54,763 shares during the last quarter. Nuveen LLC bought a new position in shares of Mid-America Apartment Communities during the first quarter worth $150,966,000. Finally, Russell Investments Group Ltd. boosted its position in shares of 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. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAA. Scotiabank dropped their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 14th. UBS Group decreased their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research note on Tuesday, July 15th. JMP Securities upped their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a research note on Thursday, May 22nd. Robert W. Baird upped their price target on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Evercore ISI decreased their price target on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and a consensus price target of $163.21.

Mid-America Apartment Communities Stock Down 0.7%

Mid-America Apartment Communities stock traded down $0.9410 during midday trading on Monday, hitting $142.0890. 722,524 shares of the company's stock were exchanged, compared to its average volume of 902,006. 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 12 month low of $137.32 and a 12 month high of $173.38. The firm has a 50-day moving average of $146.78 and a two-hundred day moving average of $155.04. The company has a market cap of $16.63 billion, a PE ratio of 29.24, a P/E/G ratio of 3.83 and a beta of 0.75.

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 period in the prior year, the business earned $2.22 EPS. 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. As a group, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

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.