Mid-America Apartment Communities, Inc. $MAA Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its stake in Mid-America Apartment Communities by 8.2%, holding approximately $95.21 million in stocks after selling 50,802 shares.
• Mid-America Apartment Communities reported earnings per share of $2.15 for the quarter, surpassing estimates, with revenues showing a slight increase of 0.6% year-over-year.
• Brokerage firms have varied opinions, with Morgan Stanley lowering its price target for MAA from $177 to $169, while the average target price among analysts stands at $163.21.

Raymond James Financial Inc. lowered its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 568,150 shares of the real estate investment trust's stock after selling 50,802 shares during the period. Raymond James Financial Inc. owned about 0.49% of Mid-America Apartment Communities worth $95,211,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MAA. Mariner LLC raised its holdings 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 valued at $2,962,000 after buying an additional 1,276 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 117.7% during the fourth quarter. NewEdge Advisors LLC now owns 973 shares of the real estate investment trust's stock valued at $150,000 after buying an additional 526 shares during the last quarter. Commerce Bank raised its holdings in shares of Mid-America Apartment Communities by 1.1% during the fourth quarter. Commerce Bank now owns 8,998 shares of the real estate investment trust's stock valued at $1,391,000 after buying an additional 99 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Mid-America Apartment Communities by 0.3% during the fourth quarter. First Trust Advisors LP now owns 68,617 shares of the real estate investment trust's stock valued at $10,606,000 after buying an additional 178 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Mid-America Apartment Communities by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,725,605 shares of the real estate investment trust's stock valued at $266,723,000 after buying an additional 24,407 shares during the last quarter. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock traded down $1.1050 during mid-day trading on Monday, hitting $141.9250. The company's stock had a trading volume of 89,483 shares, compared to its average volume of 897,857. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $16.62 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.83 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a twelve month low of $137.32 and a twelve month high of $173.38. The stock's fifty day moving average price is $146.78 and its two-hundred day moving average price is $155.04.

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. The firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MAA shares. Royal Bank Of Canada cut their price target on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Morgan Stanley cut their price target on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Robert W. Baird lifted their price target on Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Truist Financial lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Finally, Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $163.21.

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.