Patten Group Inc. Grows Stock Position in Mid-America Apartment Communities, Inc. $MAA

Patten Group Inc. boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 16.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,165 shares of the real estate investment trust’s stock after buying an additional 1,136 shares during the quarter. Patten Group Inc.’s holdings in Mid-America Apartment Communities were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MAA. Nuveen LLC purchased a new stake in Mid-America Apartment Communities in the first quarter worth $150,966,000. Deutsche Bank AG increased its position in Mid-America Apartment Communities by 38.3% in the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock worth $284,188,000 after buying an additional 469,806 shares during the last quarter. Centersquare Investment Management LLC increased its position in Mid-America Apartment Communities by 248.0% in the first quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust’s stock worth $69,193,000 after buying an additional 294,245 shares during the last quarter. Russell Investments Group Ltd. increased its position in Mid-America Apartment Communities by 59.7% in the first quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust’s stock worth $121,734,000 after buying an additional 272,030 shares during the last quarter. Finally, APG Asset Management US Inc. boosted its holdings in shares of Mid-America Apartment Communities by 9.7% in the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock worth $514,081,000 after acquiring an additional 271,507 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MAA. Piper Sandler cut their price target on Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating for the company in a report on Monday, August 4th. KeyCorp cut their price target on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Wall Street Zen raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Saturday. Cantor Fitzgerald began coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Royal Bank Of Canada cut their price target on Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $133.42 on Wednesday. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 3.55 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a 52-week low of $131.17 and a 52-week high of $173.38. The stock has a fifty day moving average of $139.72 and a 200 day moving average of $148.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. During the same quarter last year, the company earned $2.22 earnings per share. The firm’s quarterly 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. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $1.515 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. 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.