Asset Management One Co. Ltd. Sells 4,172 Shares of Mid-America Apartment Communities, Inc. $MAA

Asset Management One Co. Ltd. trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 237,189 shares of the real estate investment trust’s stock after selling 4,172 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Mid-America Apartment Communities were worth $35,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MAA. Nuveen LLC bought a new stake in Mid-America Apartment Communities in the 1st quarter valued at about $150,966,000. Deutsche Bank AG increased its position in 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 buying an additional 469,806 shares in the last quarter. Centersquare Investment Management LLC increased its position in Mid-America Apartment Communities by 248.0% in 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 buying an additional 294,245 shares in the last quarter. Russell Investments Group Ltd. increased its position in Mid-America Apartment Communities by 59.7% in the 1st quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust’s stock valued at $121,734,000 after buying an additional 272,030 shares in the last quarter. Finally, APG Asset Management US Inc. increased its holdings in Mid-America Apartment Communities by 9.7% during the 1st 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 purchasing an additional 271,507 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $134.03 on Friday. The firm has a market cap of $15.69 billion, a PE ratio of 27.58, a P/E/G ratio of 3.60 and a beta of 0.77. 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 business has a 50 day moving average of $139.37 and a 200-day moving average of $147.96. Mid-America Apartment Communities, Inc. has a 12-month low of $131.17 and a 12-month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) 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 the consensus estimate of $2.14 by $0.01. The company 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%.Mid-America Apartment Communities’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 earnings per share. 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 124.69%.

Analysts Set New Price Targets

A number of analysts have commented on MAA shares. Wells Fargo & Company boosted their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, October 13th. Mizuho raised Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $161.00 to $150.00 in a report on Thursday, August 14th. Piper Sandler decreased their price objective 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 decreased their price objective 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. Finally, UBS Group decreased their price objective on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $161.78.

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.