Amundi Raises Stake in Mid-America Apartment Communities, Inc. $MAA

Amundi grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 275,520 shares of the real estate investment trust's stock after purchasing an additional 45,361 shares during the quarter. Amundi owned about 0.24% of Mid-America Apartment Communities worth $45,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Perbak Capital Partners LLP acquired a new stake in Mid-America Apartment Communities in the 1st quarter worth $855,000. FJ Capital Management LLC grew its position in Mid-America Apartment Communities by 298.1% in the 1st quarter. FJ Capital Management LLC now owns 12,294 shares of the real estate investment trust's stock worth $2,060,000 after purchasing an additional 9,206 shares during the last quarter. Carronade Capital Management LP grew its position in Mid-America Apartment Communities by 35.4% in the 1st quarter. Carronade Capital Management LP now owns 38,920 shares of the real estate investment trust's stock worth $6,522,000 after purchasing an additional 10,171 shares during the last quarter. First Sabrepoint Capital Management LP grew its position in Mid-America Apartment Communities by 11.8% in the 1st quarter. First Sabrepoint Capital Management LP now owns 95,000 shares of the real estate investment trust's stock worth $15,920,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Quarry LP acquired a new stake in Mid-America Apartment Communities in the 1st quarter worth $80,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA traded up $2.88 during midday trading on Thursday, hitting $144.34. 408,734 shares of the company's stock were exchanged, compared to its average volume of 887,408. Mid-America Apartment Communities, Inc. has a 12-month low of $137.32 and a 12-month high of $173.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 3.89 and a beta of 0.78. The business's fifty day moving average price is $145.58 and its two-hundred day moving average price is $153.85.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.35% and a net margin of 25.98%.The company had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the previous year, the firm earned $2.22 earnings per share. Mid-America Apartment Communities's 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, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial decreased their price target on shares of 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. Barclays decreased their target price on shares of 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. The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a research report on Friday, July 11th. KeyCorp decreased their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Finally, Morgan Stanley decreased their target price 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. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Hold" and an average target price of $162.41.

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.