Long Pond Capital LP Sells 592,082 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Long Pond Capital LP significantly reduced its stake in Mid-America Apartment Communities, selling 592,082 shares and leaving it with only 93,529 shares, accounting for 1% of its holdings.
• Multiple analysts have recently adjusted their ratings and price targets for Mid-America Apartment Communities, with Mizuho upgrading the stock to "outperform" while UBS and Royal Bank of Canada lowered their targets.
• Mid-America Apartment Communities reported earnings of $2.15 EPS for the last quarter, slightly exceeding analyst expectations, but revenue was below estimates at $549.90 million.

Long Pond Capital LP cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 86.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,529 shares of the real estate investment trust's stock after selling 592,082 shares during the period. Mid-America Apartment Communities accounts for 1.0% of Long Pond Capital LP's holdings, making the stock its 25th biggest holding. Long Pond Capital LP owned about 0.08% of Mid-America Apartment Communities worth $15,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its position in 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 valued at $32,214,000 after buying an additional 2,800 shares during the period. Aurora Investment Counsel purchased a new position in shares of Mid-America Apartment Communities in the first quarter worth about $1,929,000. Summit Trail Advisors LLC raised its stake in Mid-America Apartment Communities by 106.9% during the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock worth $738,000 after purchasing an additional 2,274 shares during the period. Starwood Capital Group Management L.L.C. raised its stake in Mid-America Apartment Communities by 17.7% during the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock worth $33,914,000 after purchasing an additional 33,000 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Mid-America Apartment Communities by 92.0% in 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 acquiring an additional 13,482 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and reduced their price target for the company from $161.00 to $150.00 in a research report on Thursday, August 14th. UBS Group lowered their price objective 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. Royal Bank Of Canada decreased their target price on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Morgan Stanley reduced their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Finally, Evercore ISI dropped their price objective 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 company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $163.21.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $142.8890 on Monday. Mid-America Apartment Communities, Inc. has a twelve month low of $137.32 and a twelve month high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The firm's 50 day moving average price is $146.78 and its 200 day moving average price is $155.04. The firm has a market cap of $16.73 billion, a PE ratio of 29.40, a PEG 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 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.22 EPS. 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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.

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