Norden Group LLC Trims Stock Position in Mid-America Apartment Communities, Inc. $MAA

Norden Group LLC decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 24.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,958 shares of the real estate investment trust’s stock after selling 1,311 shares during the quarter. Norden Group LLC’s holdings in Mid-America Apartment Communities were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MAA. APG Asset Management US Inc. boosted its position 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 last quarter. Northern Trust Corp raised its stake in Mid-America Apartment Communities by 4.8% during the first quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust’s stock worth $327,247,000 after purchasing an additional 89,370 shares during the period. Deutsche Bank AG boosted its holdings in shares of 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 purchasing an additional 469,806 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mid-America Apartment Communities by 9.5% during 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 valued at $207,237,000 after buying an additional 107,661 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth $150,966,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 1.3%

Shares of NYSE:MAA opened at $138.61 on Friday. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 3.75 and a beta of 0.78. The company has a 50 day moving average of $143.48 and a two-hundred day moving average of $151.86. Mid-America Apartment Communities, Inc. has a 52-week low of $137.32 and a 52-week high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.01. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.4%. Mid-America Apartment Communities’s dividend payout ratio is presently 124.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Mid-America Apartment Communities from $173.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Raymond James Financial cut Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 24th. 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. Finally, Barclays reduced their price target on shares of Mid-America Apartment Communities from $172.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. 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 stock. According to data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus 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.