Allianz Asset Management GmbH Buys 10,236 Shares of Mid-America Apartment Communities, Inc. $MAA

Allianz Asset Management GmbH grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.8% in the 2nd quarter, Holdings Channel reports. The firm owned 126,413 shares of the real estate investment trust’s stock after purchasing an additional 10,236 shares during the period. Allianz Asset Management GmbH’s holdings in Mid-America Apartment Communities were worth $18,710,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 91 shares in the last quarter. Financial Network Wealth Advisors LLC bought a new position in shares of Mid-America Apartment Communities in the 1st quarter worth about $29,000. Sound Income Strategies LLC increased its stake in shares of Mid-America Apartment Communities by 972.2% in the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 175 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Mid-America Apartment Communities in the 1st quarter worth about $34,000. Finally, Ransom Advisory Ltd bought a new position in shares of Mid-America Apartment Communities in the 1st quarter worth about $36,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $132.71 on Monday. The firm’s 50-day moving average price is $139.94 and its 200-day moving average price is $148.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a market cap of $15.54 billion, a PE ratio of 27.31, a PEG ratio of 3.55 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a 52-week low of $131.17 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.01. The firm had revenue of $549.90 million for 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 quarter last year, the firm posted $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, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.6%. 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. Mid-America Apartment Communities’s payout ratio is 124.69%.

Wall Street Analyst Weigh In

MAA has been the subject of several research reports. BNP Paribas lowered shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Raymond James Financial lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Scotiabank reduced their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 14th. Eight equities 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $161.78.

About Mid-America Apartment Communities

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.