United Services Automobile Association Invests $482,000 in Mid-America Apartment Communities, Inc. $MAA

Key Points

• United Services Automobile Association has acquired a new position in Mid-America Apartment Communities, Inc. (MAA), purchasing 2,905 shares valued at approximately $482,000 in the first quarter.
• Mid-America Apartment Communities recently announced its quarterly dividend of $1.0625 per share, with a dividend payout ratio of 124.69% and an annualized yield of 3.0%.
• Analysts have varied price targets for MAA, with upgrades to "hold" from "sell" by Wall Street Zen, while Piper Sandler and Morgan Stanley have reduced their price objectives to $153.00 and $169.00, respectively.

United Services Automobile Association bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,905 shares of the real estate investment trust's stock, valued at approximately $482,000.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Mid-America Apartment Communities in the first quarter valued at about $150,966,000. GAMMA Investing LLC lifted its holdings in shares of Mid-America Apartment Communities by 22,463.1% in the first quarter. GAMMA Investing LLC now owns 581,000 shares of the real estate investment trust's stock worth $97,364,000 after acquiring an additional 578,425 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Mid-America Apartment Communities by 38.3% in the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust's stock valued at $284,188,000 after purchasing an additional 469,806 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Mid-America Apartment Communities by 248.0% during the 1st quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust's stock valued at $69,193,000 after purchasing an additional 294,245 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Mid-America Apartment Communities by 59.7% during the 1st quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust's stock worth $121,734,000 after purchasing an additional 272,030 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAA. Scotiabank cut their target price on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 14th. KeyCorp dropped 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 note on Wednesday, August 13th. UBS Group reduced their price objective on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research report on Tuesday, July 15th. Wall Street Zen downgraded Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Morgan Stanley cut their price target on Mid-America Apartment Communities from $177.00 to $169.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $162.41.

Mid-America Apartment Communities Trading Down 1.4%

MAA stock traded down $1.96 during midday trading on Friday, hitting $142.13. The stock had a trading volume of 737,060 shares, compared to its average volume of 709,309. 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 market cap of $16.64 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78. The business has a fifty day moving average price of $145.28 and a two-hundred day moving average price of $153.49. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38.

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 the consensus estimate of $2.14 by $0.01. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business's quarterly revenue was up .6% on a year-over-year basis. During the same period 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 earnings per share for the current fiscal 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 issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend 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.