GAM Holding AG Invests $1.22 Million in Mid-America Apartment Communities, Inc. $MAA

GAM Holding AG acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,256 shares of the real estate investment trust’s stock, valued at approximately $1,222,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Mid-America Apartment Communities during the 2nd quarter worth about $26,000. Larson Financial Group LLC lifted its holdings in shares of Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 91 shares during the period. Financial Network Wealth Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $29,000. Sound Income Strategies LLC lifted its holdings in shares of Mid-America Apartment Communities by 972.2% during the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 175 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $34,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Down 0.3%

Shares of Mid-America Apartment Communities stock opened at $128.39 on Friday. The firm has a 50-day simple moving average of $138.15 and a two-hundred day simple moving average of $147.00. The company has a market cap of $15.03 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 3.38 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a fifty-two week low of $126.05 and a fifty-two week high of $173.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The firm had revenue of $554.37 million during 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 company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $2.21 EPS. 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. As a group, equities analysts predict 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 was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is currently 128.39%.

Analyst Ratings Changes

Several brokerages have commented on MAA. Wells Fargo & Company lifted their price objective on shares of Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. UBS Group decreased their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a research report on Tuesday, July 15th. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 target price for the company. in a research report on Friday, July 11th. Cantor Fitzgerald started coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective for the company. Finally, BNP Paribas cut Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $161.00.

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.