Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Holdings in Mid-America Apartment Communities, Inc. $MAA

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 29.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,334 shares of the real estate investment trust’s stock after purchasing an additional 4,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mid-America Apartment Communities were worth $2,862,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. 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 valued at $514,081,000 after purchasing an additional 271,507 shares during the period. Northern Trust Corp boosted its holdings in shares of Mid-America Apartment Communities by 4.8% in the first quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust’s stock valued at $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 first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Mid-America Apartment Communities by 9.5% in the first 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 purchasing an additional 107,661 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Mid-America Apartment Communities in the first quarter valued at approximately $150,966,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MAA. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Evercore ISI lowered their price target on Mid-America Apartment Communities from $154.00 to $153.00 and set an “in-line” rating for the company in a report on Monday, October 13th. KeyCorp reduced their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $128.85 on Friday. The business’s fifty day simple moving average is $138.44 and its 200-day simple moving average is $147.21. The company has a market cap of $15.08 billion, a PE ratio of 27.30, a PEG ratio of 3.38 and a beta of 0.77. 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 12-month low of $126.05 and a 12-month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The business had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. Analysts expect 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 declared a quarterly dividend, which will be paid on Friday, October 31st. 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 boost 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 4.7%. Mid-America Apartment Communities’s payout ratio is currently 128.39%.

Mid-America Apartment Communities 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.