NFJ Investment Group LLC Has $6.35 Million Stake in Mid-America Apartment Communities, Inc. $MAA

Key Points

• NFJ Investment Group LLC significantly reduced its position in Mid-America Apartment Communities by 80.8%, owning just 37,867 shares after previously holding 197,644 shares.
• Barclays and Evercore ISI have adjusted their price targets for the company, with Barclays setting the target at $156.00 and Evercore cutting it to $152.00, while JMP Securities raised theirs to $170.00.
• Mid-America Apartment Communities has announced a quarterly dividend of $1.0625 per share, resulting in a 2.9% yield, but its payout ratio is notably high at 124.69%.

NFJ Investment Group LLC lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 80.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,867 shares of the real estate investment trust's stock after selling 159,777 shares during the quarter. NFJ Investment Group LLC's holdings in Mid-America Apartment Communities were worth $6,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. APG Asset Management US Inc. increased its position in shares of Mid-America Apartment Communities by 9.7% during the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock worth $514,081,000 after acquiring an additional 271,507 shares during the period. Northern Trust Corp raised its stake in Mid-America Apartment Communities by 4.8% in the first quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust's stock valued at $327,247,000 after buying an additional 89,370 shares in the last quarter. Deutsche Bank AG lifted its holdings in Mid-America Apartment Communities by 38.3% during the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock worth $284,188,000 after buying an additional 469,806 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Mid-America Apartment Communities by 5.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,986 shares of the real estate investment trust's stock worth $174,507,000 after acquiring an additional 54,763 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $150,966,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 1.1%

MAA stock traded up $1.63 during mid-day trading on Thursday, hitting $143.09. 236,087 shares of the company were exchanged, compared to its average volume of 886,303. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $16.75 billion, a P/E ratio of 29.45, a P/E/G ratio of 3.89 and a beta of 0.78. The firm's 50 day simple moving average is $145.58 and its 200 day simple moving average is $153.85. 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 announced its earnings results 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. The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company 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. On average, sell-side analysts predict 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 $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 124.69%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAA. JMP Securities boosted their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 22nd. Wells Fargo & Company cut their price target on shares of Mid-America Apartment Communities from $173.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Royal Bank Of Canada dropped their target price on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Evercore ISI decreased their target price on shares of Mid-America Apartment Communities from $155.00 to $152.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Eight equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $162.41.

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.