National Pension Service Raises Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• The National Pension Service increased its stake in Mid-America Apartment Communities by 9.1% during the first quarter, owning 192,719 shares valued at $32.3 million.
• Mid-America Apartment Communities recently reported a quarterly EPS of $2.15, exceeding estimates, with a net margin of 25.98% and revenue rising slightly by .6% year-over-year.
• The company declared a recent quarterly dividend of $1.515 per share with a corresponding annualized yield of 4.3%, despite a high payout ratio of 124.69%.

National Pension Service lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,719 shares of the real estate investment trust's stock after acquiring an additional 16,020 shares during the quarter. National Pension Service owned 0.16% of Mid-America Apartment Communities worth $32,296,000 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. Mariner LLC grew its stake in shares of Mid-America Apartment Communities by 7.1% during the fourth quarter. Mariner LLC now owns 19,166 shares of the real estate investment trust's stock worth $2,962,000 after purchasing an additional 1,276 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter worth $100,000. Gamco Investors INC. ET AL acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter worth $309,000. NewEdge Advisors LLC boosted its stake in Mid-America Apartment Communities by 117.7% in the fourth quarter. NewEdge Advisors LLC now owns 973 shares of the real estate investment trust's stock valued at $150,000 after acquiring an additional 526 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Mid-America Apartment Communities by 91.3% in the fourth quarter. Marshall Wace LLP now owns 129,865 shares of the real estate investment trust's stock valued at $20,073,000 after acquiring an additional 61,982 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA traded down $0.0150 during trading hours on Wednesday, hitting $142.3850. 393,545 shares of the stock were exchanged, compared to its average volume of 901,647. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 3.75 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 12-month low of $137.32 and a 12-month high of $173.38. The stock has a 50-day moving average of $147.28 and a 200 day moving average of $155.33. 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 (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 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 firm had revenue of $549.90 million during the quarter, compared to analysts' expectations of $552.19 million. During the same period in the prior year, the company posted $2.22 earnings per share. The firm's revenue for the quarter 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, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on MAA shares. Mizuho upgraded shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $161.00 to $150.00 in a research note on Thursday, August 14th. Truist Financial decreased their target price on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Morgan Stanley decreased their target price on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. 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 for the company in a research note on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $163.21.

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.