Amundi Has $42.74 Million Stock Position in Mid-America Apartment Communities, Inc. $MAA

Amundi lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 286,418 shares of the real estate investment trust’s stock after acquiring an additional 10,898 shares during the period. Amundi’s holdings in Mid-America Apartment Communities were worth $42,736,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Mid-America Apartment Communities during the second quarter valued at $795,893,000. Nuveen LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter valued at about $150,966,000. Invesco Ltd. boosted its holdings in Mid-America Apartment Communities by 30.6% during the 2nd quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock valued at $271,659,000 after acquiring an additional 430,398 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Mid-America Apartment Communities by 59.7% in the first quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust’s stock worth $121,734,000 after buying an additional 272,030 shares during the period. Finally, APG Asset Management US Inc. boosted its position in Mid-America Apartment Communities by 9.7% during the 1st 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 buying an additional 271,507 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO H Eric Bolton, Jr. bought 578 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $129.36 per share, with a total value of $74,770.08. Following the completion of the purchase, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This represents a 0.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MAA shares. Scotiabank lowered shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $146.00 to $142.00 in a report on Friday, December 5th. BNP Paribas cut shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Finally, Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus price target of $154.95.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $130.47 on Wednesday. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 3.73 and a beta of 0.77. The business has a 50-day moving average of $132.54 and a 200-day moving average of $141.49.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing the consensus estimate 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 net margin of 25.23% and a return on equity of 9.14%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 EPS. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. On average, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a dividend of $1.515 per share. The ex-dividend date of this dividend was 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 4.6%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 128.39%.

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.