Vident Advisory LLC Has $2.92 Million Holdings in Mid-America Apartment Communities, Inc. $MAA

Key Points

• Vident Advisory LLC increased its position in Mid-America Apartment Communities, Inc. by 39.8% in Q1, owning 17,451 shares valued at approximately $2.9 million.
• Research analysts have recently lowered their target prices for MAA shares, with Wells Fargo reducing their target from $173.00 to $156.00.
• Mid-America Apartment Communities reported $2.15 EPS in its last quarterly earnings, slightly exceeding analysts' expectations, with revenue of $549.9 million for the same period.

Vident Advisory LLC grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 39.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,451 shares of the real estate investment trust's stock after acquiring an additional 4,969 shares during the quarter. Vident Advisory LLC's holdings in Mid-America Apartment Communities were worth $2,924,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MAA. Larson Financial Group LLC boosted its holdings in shares of Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 91 shares during the period. Financial Network Wealth Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter valued at $29,000. AlphaQuest LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter valued at $34,000. CoreCap Advisors LLC boosted its holdings in shares of 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 acquiring an additional 112 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Mid-America Apartment Communities during the first quarter valued at $38,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

NYSE MAA traded up $0.62 on Thursday, reaching $144.03. The company's stock had a trading volume of 516,608 shares, compared to its average volume of 894,386. Mid-America Apartment Communities, Inc. has a twelve month low of $137.32 and a twelve month high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $16.86 billion, a PE ratio of 29.64, a PEG ratio of 3.90 and a beta of 0.78. The firm's 50 day moving average is $145.99 and its two-hundred day moving average is $154.34.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $552.19 million. During the same period in the prior year, the company earned $2.22 EPS. Mid-America Apartment Communities'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. As a group, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current 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 annualized dividend and a yield of 3.0%. Mid-America Apartment Communities's payout ratio is presently 124.69%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MAA. Mizuho raised shares of Mid-America Apartment Communities from a "neutral" rating to an "outperform" rating and reduced their price target for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Royal Bank Of Canada cut their price objective on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. KeyCorp cut their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, The Goldman Sachs Group cut shares of 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. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $162.79.

Mid-America Apartment Communities 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.