Gries Financial LLC Boosts Holdings in Mid-America Apartment Communities, Inc. $MAA

Gries Financial LLC lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,638 shares of the real estate investment trust’s stock after purchasing an additional 102 shares during the quarter. Gries Financial LLC’s holdings in Mid-America Apartment Communities were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. APG Asset Management US Inc. raised its position in shares of Mid-America Apartment Communities by 9.7% in 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 during the last quarter. Northern Trust Corp increased its holdings in Mid-America Apartment Communities by 4.8% in the 1st quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust’s stock worth $327,247,000 after buying an additional 89,370 shares in the last quarter. Deutsche Bank AG increased its holdings 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 worth $284,188,000 after buying an additional 469,806 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Mid-America Apartment Communities by 9.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,236,647 shares of the real estate investment trust’s stock worth $207,237,000 after buying an additional 107,661 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Mid-America Apartment Communities in the 1st quarter worth about $150,966,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 0.3%

MAA stock opened at $141.35 on Tuesday. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.77 and a beta of 0.78. The business has a 50 day simple moving average of $144.06 and a two-hundred day simple moving average of $152.22.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results 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. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business 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 posted $2.22 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. 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. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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 paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 3.0%. Mid-America Apartment Communities’s payout ratio is 124.69%.

Analyst Ratings Changes

MAA has been the subject of several research analyst reports. Raymond James Financial downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 24th. Evercore ISI lifted their price objective on Mid-America Apartment Communities from $152.00 to $154.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. The Goldman Sachs Group downgraded Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price objective for the company. in a report on Friday, July 11th. Finally, Morgan Stanley reduced their price objective on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and an average target price of $162.53.

Mid-America Apartment Communities Company 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.