UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Position in Mid-America Apartment Communities, Inc. $MAA

Key Points

• UBS Asset Management increased its ownership of Mid-America Apartment Communities, Inc. by 9.5% in the first quarter, holding over 1.236 million shares worth approximately $207 million.
• Wall Street analysts have mixed ratings for the stock, with forecasts ranging from a buy rating with a price target of $171 to a neutral rating with a price target of $165.
• Mid-America Apartment Communities declared a quarterly dividend of $1.0625, representing an annualized yield of 2.9% while facing a dividend payout ratio of 124.69%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,236,647 shares of the real estate investment trust's stock after purchasing an additional 107,661 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.06% of Mid-America Apartment Communities worth $207,237,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in shares of Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 91 shares during the period. Financial Network Wealth Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities in the first quarter worth about $29,000. AlphaQuest LLC purchased a new stake in Mid-America Apartment Communities during the first quarter valued at approximately $34,000. CoreCap Advisors LLC raised its position in Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 112 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Mid-America Apartment Communities in the first quarter worth approximately $38,000. Institutional investors own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group cut Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price objective on the stock. in a research note on Friday, July 11th. Truist Financial lowered their price target on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Wall Street Zen raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. Mizuho upgraded Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and cut their price target for the company from $161.00 to $150.00 in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada cut their price objective on Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $162.41.

Mid-America Apartment Communities Stock Up 1.9%

NYSE:MAA opened at $144.17 on Friday. Mid-America Apartment Communities, Inc. has a 52 week low of $137.32 and a 52 week high of $173.38. The stock's fifty day moving average is $145.45 and its two-hundred day moving average is $153.72. 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 $16.88 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 3.78 and a beta of 0.78.

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

Mid-America Apartment Communities Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 2.9%. Mid-America Apartment Communities's dividend payout ratio is presently 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.

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