5,103 Shares in Mid-America Apartment Communities, Inc. $MAA Acquired by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP has made a new investment in Mid-America Apartment Communities, buying 5,103 shares valued at approximately $855,000, which constitutes around 0.6% of their investment portfolio.
• Mid-America Apartment Communities received mixed rating updates from analysts, with Barclays reducing its price target from $172.00 to $156.00 while JMP Securities lifted their target from $160.00 to $170.00.
• As of the last earnings report, the company posted an earnings per share (EPS) of $2.15 for the quarter, exceeding analyst expectations, while quarterly revenue of $549.90 million was slightly below estimates.

Perbak Capital Partners LLP bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,103 shares of the real estate investment trust's stock, valued at approximately $855,000. Mid-America Apartment Communities comprises about 0.6% of Perbak Capital Partners LLP's investment portfolio, making the stock its 18th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in MAA. Lido Advisors LLC grew its position in shares of Mid-America Apartment Communities by 90.9% during the fourth quarter. Lido Advisors LLC now owns 3,142 shares of the real estate investment trust's stock worth $486,000 after acquiring an additional 1,496 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Mid-America Apartment Communities during the fourth quarter worth about $699,000. Mercer Global Advisors Inc. ADV grew its position in shares of Mid-America Apartment Communities by 14.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 42,616 shares of the real estate investment trust's stock worth $6,587,000 after acquiring an additional 5,370 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Mid-America Apartment Communities by 149.6% during the fourth quarter. Ameriprise Financial Inc. now owns 129,911 shares of the real estate investment trust's stock worth $20,080,000 after acquiring an additional 77,858 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Mid-America Apartment Communities by 13.7% during the fourth quarter. BNP Paribas Financial Markets now owns 191,435 shares of the real estate investment trust's stock worth $29,590,000 after acquiring an additional 23,122 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 0.9%

MAA stock traded up $1.28 during mid-day trading on Friday, reaching $145.28. 620,270 shares of the stock traded hands, compared to its average volume of 758,036. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The company has a market cap of $17.01 billion, a P/E ratio of 29.89, a P/E/G ratio of 3.89 and a beta of 0.78. The stock's fifty day moving average is $145.88 and its 200-day moving average is $154.15.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. During the same period in the prior year, the firm earned $2.22 earnings per share. The business's quarterly revenue 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, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 2.9%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 124.69%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MAA. Wells Fargo & Company lowered 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 research report on Wednesday, August 27th. Scotiabank decreased their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 14th. UBS Group decreased their target price 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. The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price for the company. in a research report on Friday, July 11th. Finally, Barclays decreased their target price on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $162.79.

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.