Truvestments Capital LLC Sells 13,690 Shares of Mid-America Apartment Communities, Inc. $MAA

Key Points

• Truvestments Capital LLC significantly reduced its holdings in Mid-America Apartment Communities, selling 13,690 shares and decreasing its position by 67.8% in the first quarter.
• Despite the reduction in shares by some investors, a variety of hedge funds, including NewEdge Advisors LLC and First Trust Advisors LP, increased their stakes in the company during the same period.
• Recent analyst ratings for Mid-America Apartment Communities show a mix of opinions, with eight analysts rating it as a Buy and ten as a Hold, leading to an average target price of $163.21.

Truvestments Capital LLC lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 67.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,512 shares of the real estate investment trust's stock after selling 13,690 shares during the quarter. Truvestments Capital LLC's holdings in Mid-America Apartment Communities were worth $1,091,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in shares of Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 65 shares during the last quarter. Alhambra Investment Management LLC grew its holdings in shares of Mid-America Apartment Communities by 3.1% during the 1st quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock valued at $363,000 after purchasing an additional 66 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Mid-America Apartment Communities by 2.6% during the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after purchasing an additional 70 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Mid-America Apartment Communities by 3.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust's stock valued at $394,000 after purchasing an additional 80 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Mid-America Apartment Communities by 2.9% during the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock worth $478,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 1.2%

Shares of Mid-America Apartment Communities stock traded up $1.74 during trading on Friday, reaching $145.87. 594,416 shares of the company traded hands, compared to its average volume of 877,176. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38. The company has a 50 day moving average price of $146.27 and a 200-day moving average price of $154.60. The firm has a market capitalization of $17.08 billion, a PE ratio of 30.01, a P/E/G ratio of 3.90 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same quarter in the previous year, the company earned $2.22 EPS. Mid-America Apartment Communities's quarterly revenue was up .6% compared to the same quarter last year. 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of research reports. Raymond James Financial lowered shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. The Goldman Sachs Group lowered shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price on the stock. in a report on Friday, July 11th. KeyCorp reduced their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. UBS Group reduced their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a report on Tuesday, July 15th. Finally, Barclays reduced their target price on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $162.79.

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.