Advisors Asset Management Inc. Decreases Position in Mid-America Apartment Communities, Inc. $MAA

Advisors Asset Management Inc. lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 31.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,028 shares of the real estate investment trust’s stock after selling 947 shares during the quarter. Advisors Asset Management Inc.’s holdings in Mid-America Apartment Communities were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Mid-America Apartment Communities by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock worth $32,214,000 after purchasing an additional 2,800 shares during the period. Aurora Investment Counsel purchased a new position in Mid-America Apartment Communities in the 1st quarter worth $1,929,000. Summit Trail Advisors LLC raised its position in Mid-America Apartment Communities by 106.9% in the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 2,274 shares during the period. Starwood Capital Group Management L.L.C. raised its position in Mid-America Apartment Communities by 17.7% in the 4th quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust’s stock worth $33,914,000 after purchasing an additional 33,000 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in Mid-America Apartment Communities by 92.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock worth $4,715,000 after purchasing an additional 13,482 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.9%

Shares of MAA opened at $144.17 on Friday. The firm’s 50-day moving average price is $145.45 and its 200-day moving average price is $153.72. The firm has a market capitalization of $16.88 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 3.78 and a beta of 0.78. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. 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) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate 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 business had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the previous year, the firm posted $2.22 earnings per share. Mid-America Apartment Communities’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. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 2.9%. Mid-America Apartment Communities’s payout ratio is currently 124.69%.

Wall Street Analysts Forecast Growth

MAA has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. UBS Group cut their price target on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a report on Tuesday, July 15th. Piper Sandler cut their price target on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Evercore ISI decreased their target price on Mid-America Apartment Communities from $155.00 to $152.00 and set an “in-line” rating for the company in a report on Tuesday, August 12th. Finally, JMP Securities upped their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $162.41.

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.