FJ Capital Management LLC Has $2.06 Million Stock Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• FJ Capital Management LLC significantly raised its stake in Mid-America Apartment Communities by 298.1%, owning 12,294 shares valued at over $2 million.
• Mid-America Apartment Communities reported $2.15 earnings per share for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 0.6%.
• Analysts have varied price targets for the company, with a consensus rating of "Hold" and an average price target of $162.79.

FJ Capital Management LLC raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 298.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,294 shares of the real estate investment trust's stock after buying an additional 9,206 shares during the quarter. FJ Capital Management LLC's holdings in Mid-America Apartment Communities were worth $2,060,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in shares of Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock worth $169,000 after buying an additional 65 shares during the period. Alhambra Investment Management LLC grew its position in shares of Mid-America Apartment Communities by 3.1% during the 1st quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock worth $363,000 after buying an additional 66 shares during the period. Stephens Inc. AR grew its position in shares of Mid-America Apartment Communities by 2.6% during the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock worth $463,000 after buying an additional 70 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Mid-America Apartment Communities by 3.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock worth $394,000 after buying an additional 80 shares during the period. Finally, Signaturefd LLC grew its position in shares of Mid-America Apartment Communities by 2.9% during the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock worth $478,000 after buying an additional 81 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on MAA. UBS Group dropped their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research report on Tuesday, July 15th. Barclays dropped their price target on Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Piper Sandler dropped their price target on Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target on the stock. in a research report on Friday, July 11th. Finally, Truist Financial dropped their price target on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of "Hold" and an average price target of $162.79.

Mid-America Apartment Communities Stock Up 0.9%

NYSE MAA traded up $1.28 during trading on Friday, hitting $145.28. The stock had a trading volume of 620,270 shares, compared to its average volume of 758,036. The company has a market capitalization of $17.01 billion, a PE ratio of 29.89, a P/E/G ratio of 3.85 and a beta of 0.78. The company's 50-day moving average price is $145.88 and its two-hundred day moving average price is $154.17. 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.

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, beating the consensus estimate of $2.14 by $0.01. The firm had revenue of $549.90 million for the quarter, compared to analysts' expectations of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 2.9%. Mid-America Apartment Communities's payout ratio is 124.69%.

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.