Bayforest Capital Ltd Has $618,000 Position in Mid-America Apartment Communities, Inc. $MAA

Bayforest Capital Ltd grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 113.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,174 shares of the real estate investment trust’s stock after acquiring an additional 2,221 shares during the quarter. Bayforest Capital Ltd’s holdings in Mid-America Apartment Communities were worth $618,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAA. Nuveen LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $150,966,000. Deutsche Bank AG grew its position in Mid-America Apartment Communities by 38.3% during the first 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. Centersquare Investment Management LLC grew its position in Mid-America Apartment Communities by 248.0% during the first quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust’s stock worth $69,193,000 after buying an additional 294,245 shares in the last quarter. Russell Investments Group Ltd. grew its position in Mid-America Apartment Communities by 59.7% during 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 in the last quarter. Finally, APG Asset Management US Inc. grew its position in Mid-America Apartment Communities by 9.7% during 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 buying an additional 271,507 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MAA shares. Wall Street Zen downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Raymond James Financial downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. KeyCorp decreased their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. UBS Group decreased their target price on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a research report on Tuesday, July 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. Eight investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $161.78.

Mid-America Apartment Communities Stock Down 0.5%

Shares of MAA opened at $133.85 on Wednesday. The company has a market capitalization of $15.67 billion, a P/E ratio of 27.54, a PEG ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a one year low of $133.24 and a one year high of $173.38. The business’s 50 day simple moving average is $140.48 and its 200-day simple moving average is $149.37.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $2.14 by $0.01. The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.Mid-America Apartment Communities’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.22 EPS. 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, sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 124.69%.

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.