QRG Capital Management Inc. Increases Stake in Mid-America Apartment Communities, Inc. $MAA

Key Points

• QRG Capital Management Inc. increased its stake in Mid-America Apartment Communities by 10%, holding 56,015 shares valued at approximately $8.29 million as of the latest reporting period.
• The company announced a quarterly dividend increase to $1.515 per share, which will be paid on October 31st, reflecting an annualized yield of 4.4%.
• Analysts have issued mixed ratings for MAA, with eight rating it as a Buy and the average price target set at $161.78, although some reports suggest a downward adjustment in targets.

QRG Capital Management Inc. increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,015 shares of the real estate investment trust's stock after buying an additional 5,080 shares during the period. QRG Capital Management Inc.'s holdings in Mid-America Apartment Communities were worth $8,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAA. NBC Securities Inc. purchased a new stake in Mid-America Apartment Communities during the 1st quarter worth about $46,000. Merit Financial Group LLC grew its position in shares of Mid-America Apartment Communities by 4.7% during the first quarter. Merit Financial Group LLC now owns 3,910 shares of the real estate investment trust's stock worth $655,000 after acquiring an additional 175 shares during the last quarter. Park Avenue Securities LLC increased its stake in Mid-America Apartment Communities by 9.6% in the first quarter. Park Avenue Securities LLC now owns 3,153 shares of the real estate investment trust's stock valued at $528,000 after purchasing an additional 277 shares during the period. Vert Asset Management LLC raised its stake in Mid-America Apartment Communities by 5.1% during the 1st quarter. Vert Asset Management LLC now owns 53,988 shares of the real estate investment trust's stock valued at $9,047,000 after acquiring an additional 2,614 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in shares of Mid-America Apartment Communities by 5.2% during the first quarter. Portside Wealth Group LLC now owns 5,970 shares of the real estate investment trust's stock worth $1,000,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Ratings Changes

MAA has been the subject of several recent analyst reports. Barclays reduced their price target on Mid-America Apartment Communities from $156.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, September 30th. Piper Sandler dropped their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, August 4th. The Goldman Sachs Group lowered Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target on the stock. in a research note on Friday, July 11th. Evercore ISI raised their price objective on Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Mizuho raised Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and reduced their price objective for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $161.78.

Mid-America Apartment Communities Stock Up 0.4%

Shares of NYSE:MAA opened at $136.79 on Monday. The company has a market capitalization of $16.01 billion, a P/E ratio of 28.15, a P/E/G ratio of 3.65 and a beta of 0.77. The stock's fifty day simple moving average is $141.85 and its 200-day simple moving average is $150.67. Mid-America Apartment Communities, Inc. has a 52-week low of $136.07 and a 52-week high of $173.38. 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 issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.01. The business had revenue of $549.90 million during 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 company's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm 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, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $1.515 dividend. The ex-dividend date is Wednesday, October 15th. This is an increase from Mid-America Apartment Communities's previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a yield of 4.4%. Mid-America Apartment Communities's payout ratio is 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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