MBB Public Markets I LLC Invests $347,000 in Mid-America Apartment Communities, Inc. $MAA

Key Points

• MBB Public Markets I LLC has recently acquired a new stake in Mid-America Apartment Communities, purchasing 2,070 shares valued at approximately $347,000.
• Mid-America Apartment Communities reported an earnings per share of $2.15 for its last quarter, exceeding analysts' expectations, while its revenue increased by 0.6% year-over-year.
• The company announced a quarterly dividend of $1.0625 per share, translating into an annual yield of 2.9%, despite a high dividend payout ratio of 124.69%.

MBB Public Markets I LLC acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,070 shares of the real estate investment trust's stock, valued at approximately $347,000.

Several other institutional investors have also modified their holdings of the company. APG Asset Management US Inc. lifted its position in shares of Mid-America Apartment Communities by 9.7% during the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock worth $514,081,000 after purchasing an additional 271,507 shares during the last quarter. Northern Trust Corp lifted its position in 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 valued at $327,247,000 after acquiring an additional 89,370 shares during the last quarter. Deutsche Bank AG lifted its position in Mid-America Apartment Communities by 38.3% in the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock valued at $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 lifted its position in Mid-America Apartment Communities by 5.1% in 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 valued at $174,507,000 after acquiring an additional 54,763 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Mid-America Apartment Communities in the first quarter valued at $150,966,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MAA shares. Mizuho raised 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. Evercore ISI reduced their price target on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. Piper Sandler reduced their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Scotiabank reduced their price target 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. Finally, Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $162.41.

Mid-America Apartment Communities Stock Performance

NYSE MAA traded down $1.96 during trading on Friday, reaching $142.13. The company's stock had a trading volume of 737,060 shares, compared to its average volume of 709,309. 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 has a market cap of $16.64 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 3.85 and a beta of 0.78. The business's fifty day moving average price is $145.28 and its 200-day moving average price is $153.56.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. The company had revenue of $549.90 million during 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 company's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm 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, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 124.69%.

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.