Mid-America Apartment Communities, Inc. $MAA Shares Purchased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Mid-America Apartment Communities, Inc. by 155.8% during the 2nd quarter, now holding 15,441 shares worth approximately $2.285 million.
• The company reported $2.15 earnings per share (EPS) for the last quarter, slightly above the consensus estimate, but revenue was down year-over-year despite a 0.6% increase.
• Mid-America Apartment Communities announced a quarterly dividend of $1.0625 per share, which results in a 3.0% yield, despite a payout ratio of 124.69% indicating potential sustainability concerns.

Exchange Traded Concepts LLC raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 155.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,441 shares of the real estate investment trust's stock after buying an additional 9,404 shares during the quarter. Exchange Traded Concepts LLC's holdings in Mid-America Apartment Communities were worth $2,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MAA. Smartleaf Asset Management LLC lifted its stake in shares of Mid-America Apartment Communities by 6.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock worth $169,000 after purchasing an additional 65 shares during the period. Alhambra Investment Management LLC boosted its stake in Mid-America Apartment Communities by 3.1% during the first quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock valued at $363,000 after buying an additional 66 shares during the last quarter. Stephens Inc. AR raised its stake in Mid-America Apartment Communities by 2.6% during the first quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after purchasing an additional 70 shares in the last quarter. Ables Iannone Moore & Associates Inc. increased its stake in Mid-America Apartment Communities by 2.7% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust's stock worth $397,000 after acquiring an additional 70 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in Mid-America Apartment Communities by 3.5% in the first 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 last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 0.3%

NYSE:MAA traded up $0.49 during trading hours on Monday, hitting $141.35. The company's stock had a trading volume of 868,753 shares, compared to its average volume of 702,335. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The stock has a market capitalization of $16.55 billion, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 3.77 and a beta of 0.78. 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 stock has a fifty day moving average of $144.06 and a 200-day moving average of $152.22.

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 earnings per share 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 business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. During the same quarter in the previous year, the firm earned $2.22 EPS. The company's revenue was up .6% compared to the same quarter last year. 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. On average, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MAA shares. UBS Group cut 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 note on Tuesday, July 15th. KeyCorp lowered their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. The Goldman Sachs Group cut shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective for the company. in a report on Friday, July 11th. 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 note on Wednesday, August 13th. Finally, Barclays cut their target price on Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $162.53.

Mid-America Apartment Communities 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.