Strs Ohio Buys Shares of 45,390 Mid-America Apartment Communities, Inc. $MAA

Key Points

• Strs Ohio has acquired a new stake of 45,390 shares in Mid-America Apartment Communities, valued at approximately $7.6 million.
• The company recently reported a quarterly EPS of $2.15, slightly beating consensus estimates, but had a dividend payout ratio of 124.69%, indicating potential sustainability concerns.
• Several hedge funds, including APG Asset Management and Deutsche Bank, have increased their holdings in Mid-America, with institutional investors owning 93.60% of the stock.

Strs Ohio bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,390 shares of the real estate investment trust's stock, valued at approximately $7,606,000.

A number of other hedge funds have also modified their holdings of the company. APG Asset Management US Inc. raised its position in shares of Mid-America Apartment Communities by 9.7% in the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust's stock valued at $514,081,000 after acquiring an additional 271,507 shares during the period. Northern Trust Corp increased its stake in Mid-America Apartment Communities by 4.8% during the 1st quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust's stock worth $327,247,000 after purchasing an additional 89,370 shares in the last quarter. Deutsche Bank AG increased its stake in Mid-America Apartment Communities by 38.3% during the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock worth $284,188,000 after purchasing an additional 469,806 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Mid-America Apartment Communities by 9.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,236,647 shares of the real estate investment trust's stock worth $207,237,000 after purchasing an additional 107,661 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Mid-America Apartment Communities by 5.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,986 shares of the real estate investment trust's stock worth $174,507,000 after purchasing an additional 54,763 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Down 1.4%

NYSE MAA opened at $142.13 on Monday. The company has a market cap of $16.64 billion, a PE ratio of 29.25, a PEG ratio of 3.80 and a beta of 0.78. 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 12 month low of $137.32 and a 12 month high of $173.38. The stock has a 50 day moving average of $145.28 and a 200-day moving average of $153.40.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. The company had revenue of $549.90 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.22 EPS. 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, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is 124.69%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MAA. UBS Group lowered their target price on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research note on Tuesday, July 15th. Mizuho raised Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $161.00 to $150.00 in a research note on Thursday, August 14th. JMP Securities raised their price target on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 22nd. Piper Sandler decreased their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Finally, Scotiabank decreased their price target 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 note on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $162.41.

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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