Swedbank AB Has $26.17 Million Holdings in 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 lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,835 shares of the real estate investment trust's stock after buying an additional 8,448 shares during the period. Swedbank AB owned about 0.15% of Mid-America Apartment Communities worth $26,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Mid-America Apartment Communities by 3.6% in the second 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 position in Mid-America Apartment Communities by 0.7% during the second quarter. Lincoln Capital Corp now owns 19,495 shares of the real estate investment trust's stock valued at $2,885,000 after purchasing an additional 139 shares during the last quarter. Czech National Bank boosted its position in Mid-America Apartment Communities by 6.6% during the second quarter. Czech National Bank now owns 28,613 shares of the real estate investment trust's stock valued at $4,235,000 after purchasing an additional 1,763 shares during the last quarter. Baker Ellis Asset Management LLC boosted its position in Mid-America Apartment Communities by 1.7% during the second quarter. Baker Ellis Asset Management LLC now owns 46,808 shares of the real estate investment trust's stock valued at $6,928,000 after purchasing an additional 782 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. boosted its position in Mid-America Apartment Communities by 2.7% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust's stock valued at $397,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of research reports. The Goldman Sachs Group cut Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective for the company. in a research report on Friday, July 11th. Mizuho raised Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and reduced their price target for the stock from $161.00 to $150.00 in a research report on Thursday, August 14th. Wall Street Zen cut Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. KeyCorp reduced their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Finally, Scotiabank reduced their price target on 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. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $162.53.

Mid-America Apartment Communities Stock Performance

MAA traded down $0.34 on Tuesday, hitting $140.91. 31,023 shares of the stock traded hands, compared to its average volume of 880,889. 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 business has a fifty day moving average price of $144.06 and a two-hundred day moving average price of $152.22. The firm has a market capitalization of $16.50 billion, a PE ratio of 29.00, a P/E/G ratio of 3.77 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a 52 week low of $137.32 and a 52 week high of $173.38.

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 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. The company had revenue of $549.90 million for 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 company's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued 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 payout ratio is 124.69%.

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.