Teacher Retirement System of Texas Buys 666 Shares of Mid-America Apartment Communities, Inc. $MAA

Teacher Retirement System of Texas grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 17,753 shares of the real estate investment trust’s stock after acquiring an additional 666 shares during the quarter. Teacher Retirement System of Texas’ holdings in Mid-America Apartment Communities were worth $2,628,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Mid-America Apartment Communities by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 192,228 shares of the real estate investment trust’s stock valued at $32,214,000 after acquiring an additional 2,800 shares during the period. Aurora Investment Counsel bought a new stake in shares of Mid-America Apartment Communities during the 1st quarter valued at $1,929,000. Stratos Wealth Partners LTD. lifted its position in shares of Mid-America Apartment Communities by 92.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 28,134 shares of the real estate investment trust’s stock valued at $4,715,000 after acquiring an additional 13,482 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $5,156,000. Finally, Nordea Investment Management AB lifted its position in shares of Mid-America Apartment Communities by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 10,161 shares of the real estate investment trust’s stock valued at $1,494,000 after acquiring an additional 790 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $128.39 on Monday. Mid-America Apartment Communities, Inc. has a 12-month low of $126.05 and a 12-month high of $173.38. The business has a 50-day simple moving average of $138.15 and a two-hundred day simple moving average of $146.90. 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 stock has a market cap of $15.03 billion, a PE ratio of 27.20, a PEG ratio of 3.38 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last issued its 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). Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The firm had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same period in the previous year, the company earned $2.21 EPS. Mid-America Apartment Communities’s revenue for the quarter was up .6% on a year-over-year basis. 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 anticipate 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 company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 4.7%. 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. Mid-America Apartment Communities’s payout ratio is currently 128.39%.

Wall Street Analysts Forecast Growth

MAA has been the subject of a number of recent analyst reports. Mizuho upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and cut their target price for the company from $161.00 to $150.00 in a research report on Thursday, August 14th. Scotiabank dropped their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, October 13th. Finally, UBS Group dropped their price objective on 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. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $161.00.

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.