Parallel Advisors LLC Has $132,000 Stake in Mid-America Apartment Communities, Inc. $MAA

Parallel Advisors LLC decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 890 shares of the real estate investment trust’s stock after selling 142 shares during the quarter. Parallel Advisors LLC’s holdings in Mid-America Apartment Communities were worth $132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth $29,000. Larson Financial Group LLC raised its position in 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 acquiring an additional 91 shares in the last quarter. AlphaQuest LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth $34,000. Ransom Advisory Ltd bought a new stake in Mid-America Apartment Communities during the first quarter worth $36,000. Finally, Zions Bancorporation National Association UT bought a new stake in Mid-America Apartment Communities during the first quarter worth $38,000. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Trading Down 0.2%

MAA opened at $141.02 on Wednesday. The company’s 50 day moving average is $143.93 and its 200-day moving average is $152.14. Mid-America Apartment Communities, Inc. has a 1-year low of $137.32 and a 1-year high of $173.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a market cap of $16.51 billion, a P/E ratio of 29.02, a PEG ratio of 3.78 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $552.19 million. During the same period last year, the company posted $2.22 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. 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. Equities research 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 will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be given a dividend of $1.515 per share. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a yield of 4.3%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 124.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MAA. Morgan Stanley dropped their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $161.00 to $150.00 in a research report on Thursday, August 14th. Royal Bank Of Canada dropped their price objective on shares of Mid-America Apartment Communities from $158.00 to $155.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. UBS Group dropped their price objective on shares of 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, Raymond James Financial lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $162.53.

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.