First Sabrepoint Capital Management LP Has $15.92 Million Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• First Sabrepoint Capital Management LP increased its stake in Mid-America Apartment Communities by 11.8%, now holding 95,000 shares, making it the firm's fourth largest holding.
• Mid-America Apartment Communities reported earnings of $2.15 per share for the last quarter, slightly exceeding analyst expectations, while the company has provided future earnings guidance for Q3 2025 at 2.080-2.240 EPS.
• As of recent analyst ratings, the stock has a consensus rating of "Hold" with an average price target of $162.79 amidst varying ratings from multiple financial institutions.

First Sabrepoint Capital Management LP grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,000 shares of the real estate investment trust's stock after acquiring an additional 10,000 shares during the period. Mid-America Apartment Communities accounts for 5.9% of First Sabrepoint Capital Management LP's holdings, making the stock its 4th largest position. First Sabrepoint Capital Management LP owned about 0.08% of Mid-America Apartment Communities worth $15,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in MAA. Principal Financial Group Inc. raised its position in shares of Mid-America Apartment Communities by 1.5% in 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 in the last quarter. Aurora Investment Counsel acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at $1,929,000. Summit Trail Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 106.9% during the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after acquiring an additional 2,274 shares during the period. Starwood Capital Group Management L.L.C. grew its holdings in shares of Mid-America Apartment Communities by 17.7% during the 4th 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 in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Mid-America Apartment Communities by 92.0% in the first quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust's stock worth $4,715,000 after purchasing an additional 13,482 shares during the period. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 0.7%

Shares of NYSE MAA traded up $0.99 during trading on Wednesday, reaching $143.29. The company had a trading volume of 769,688 shares, compared to its average volume of 780,041. The stock has a market cap of $16.77 billion, a P/E ratio of 29.48, a PEG ratio of 3.90 and a beta of 0.78. The company's fifty day moving average price is $145.99 and its 200-day moving average price is $154.34. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. 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 posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $549.90 million for the quarter, compared to analysts' expectations of $552.19 million. During the same period in the prior year, the business earned $2.22 EPS. The company's revenue for the quarter 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. As a group, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on MAA shares. UBS Group lowered their price objective on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research report on Tuesday, July 15th. Truist Financial decreased 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 note on Wednesday, May 21st. Royal Bank Of Canada dropped their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Scotiabank lowered their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research note on Thursday, August 14th. Finally, KeyCorp dropped their target price on shares of 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. Eight research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $162.79.

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.