AQR Capital Management LLC Has $15.38 Million Stake in Mid-America Apartment Communities, Inc. $MAA

Key Points

• AQR Capital Management LLC reduced its stake in Mid-America Apartment Communities by 20.7%, owning 0.08% of the company worth approximately $15.38 million after selling 23,974 shares.
• Several institutional investors are actively trading the stock, with Amundi increasing its stake by 19.7%, while FJ Capital Management raised its holdings by 298.1% in the first quarter.
• Mid-America Apartment Communities reported Q2 earnings of $2.15 EPS, exceeding the analysts' expectations, and announced a quarterly dividend of $1.0625, reflecting a 2.9% yield.

AQR Capital Management LLC lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 20.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,778 shares of the real estate investment trust's stock after selling 23,974 shares during the period. AQR Capital Management LLC owned approximately 0.08% of Mid-America Apartment Communities worth $15,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Amundi raised its position in Mid-America Apartment Communities by 19.7% in the first quarter. Amundi now owns 275,520 shares of the real estate investment trust's stock worth $45,086,000 after purchasing an additional 45,361 shares in the last quarter. Perbak Capital Partners LLP bought a new stake in Mid-America Apartment Communities during the first quarter worth about $855,000. FJ Capital Management LLC grew its stake in Mid-America Apartment Communities by 298.1% during the first quarter. FJ Capital Management LLC now owns 12,294 shares of the real estate investment trust's stock worth $2,060,000 after buying an additional 9,206 shares during the last quarter. Carronade Capital Management LP grew its stake in Mid-America Apartment Communities by 35.4% during the first quarter. Carronade Capital Management LP now owns 38,920 shares of the real estate investment trust's stock worth $6,522,000 after buying an additional 10,171 shares during the last quarter. Finally, First Sabrepoint Capital Management LP grew its stake in Mid-America Apartment Communities by 11.8% during the first quarter. First Sabrepoint Capital Management LP now owns 95,000 shares of the real estate investment trust's stock worth $15,920,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Down 1.4%

MAA traded down $1.96 during mid-day trading on Friday, hitting $142.13. The stock had a trading volume of 737,060 shares, compared to its average volume of 709,309. The stock's fifty day simple moving average is $145.28 and its 200-day simple moving average is $153.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results 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. The company had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business posted $2.22 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.0%. Mid-America Apartment Communities's payout ratio is 124.69%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MAA. UBS Group decreased their price objective on shares of 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. Truist Financial reduced their target price 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. Morgan Stanley reduced 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. The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective on the stock. in a report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Saturday. Eight equities research 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. Based on data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average target price of $162.41.

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.