Pensionfund Sabic Has $1.32 Million Stake in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Pensionfund Sabic reduced its stake in Mid-America Apartment Communities, Inc. by 26.3% to $1.32 million, following the sale of 2,800 shares in the first quarter.
• Analysts have mixed ratings on Mid-America Apartment Communities, with a consensus rating of "Hold" and a target price of $162.41, despite JMP Securities raising their price target to $170.00.
• The company recently announced a quarterly dividend of $1.0625 per share, resulting in an annualized yield of 3.0%, though its dividend payout ratio is notably high at 124.69%.

Pensionfund Sabic trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 26.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,850 shares of the real estate investment trust's stock after selling 2,800 shares during the period. Pensionfund Sabic's holdings in Mid-America Apartment Communities were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in 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 acquiring an additional 2,800 shares during the period. Aurora Investment Counsel bought a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $1,929,000. Summit Trail Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 106.9% in the first quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after purchasing an additional 2,274 shares in the last quarter. Starwood Capital Group Management L.L.C. lifted its holdings in shares of Mid-America Apartment Communities by 17.7% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock valued at $33,914,000 after purchasing an additional 33,000 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings 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 valued at $4,715,000 after purchasing an additional 13,482 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JMP Securities upped their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Thursday, May 22nd. Wall Street Zen lowered Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Saturday. The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a report on Friday, July 11th. Piper Sandler lowered their price target on Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Finally, Morgan Stanley lowered their price target on 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. 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. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Hold" and a consensus target price of $162.41.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $142.13 on Friday. The business's 50 day moving average price is $145.28 and its two-hundred day moving average price is $153.56. The company has a market cap of $16.64 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78. 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 twelve month low of $137.32 and a twelve month 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 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 9.35% and a net margin of 25.98%.The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

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.

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