Swedbank AB Buys 8,448 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Swedbank AB increased its holdings in Mid-America Apartment Communities by 5.0%, acquiring an additional 8,448 shares, bringing its total ownership to approximately 176,835 shares valued at $26.17 million.
• Mid-America Apartment Communities recently announced a quarterly dividend of $1.0625, with a payout ratio of 124.69%, reflecting a 3.0% dividend yield.
• Analysts have varied opinions on the stock, with the consensus rating currently at "Hold" and an average price target of $162.53.

Swedbank AB grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,835 shares of the real estate investment trust's stock after acquiring an additional 8,448 shares during the period. Swedbank AB owned 0.15% of Mid-America Apartment Communities worth $26,173,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Mid-America Apartment Communities by 3.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,325 shares of the real estate investment trust's stock worth $5,969,000 after buying an additional 1,419 shares during the period. Lincoln Capital Corp boosted its holdings in shares of Mid-America Apartment Communities by 0.7% during the 2nd quarter. Lincoln Capital Corp now owns 19,495 shares of the real estate investment trust's stock worth $2,885,000 after buying an additional 139 shares during the period. Czech National Bank boosted its holdings in shares of Mid-America Apartment Communities by 6.6% during the 2nd quarter. Czech National Bank now owns 28,613 shares of the real estate investment trust's stock worth $4,235,000 after buying an additional 1,763 shares during the period. Baker Ellis Asset Management LLC boosted its holdings in shares of Mid-America Apartment Communities by 1.7% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 46,808 shares of the real estate investment trust's stock worth $6,928,000 after buying an additional 782 shares during the period. Finally, Ables Iannone Moore & Associates Inc. boosted its holdings in shares of Mid-America Apartment Communities by 2.7% during the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust's stock worth $397,000 after buying an additional 70 shares during the period. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded up $0.44 during mid-day trading on Friday, reaching $140.98. 1,566,403 shares of the stock were exchanged, compared to its average volume of 666,498. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 3.77 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. The firm has a 50-day simple moving average of $144.26 and a 200 day simple moving average of $152.49. Mid-America Apartment Communities, Inc. has a fifty-two week low of $137.32 and a fifty-two week 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 (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 analysts' expectations 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 revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company 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, sell-side analysts predict 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 declared 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 annualized dividend and a dividend yield of 3.0%. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.69%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MAA shares. Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and decreased their price objective for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Barclays decreased their price objective on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective for the company. in a report on Friday, July 11th. KeyCorp cut their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Finally, UBS Group cut 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 note on Tuesday, July 15th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $162.53.

Mid-America Apartment Communities Company 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.