Capital Fund Management S.A. Takes Position in Mid-America Apartment Communities, Inc. $MAA

Capital Fund Management S.A. acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,254 shares of the real estate investment trust’s stock, valued at approximately $4,034,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth about $150,966,000. Deutsche Bank AG increased its stake in shares of 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 valued at $284,188,000 after acquiring an additional 469,806 shares during the period. Centersquare Investment Management LLC raised its holdings 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 purchasing an additional 294,245 shares in the last quarter. Russell Investments Group Ltd. raised its holdings 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 purchasing an additional 272,030 shares in the last quarter. Finally, APG Asset Management US Inc. lifted its position in Mid-America Apartment Communities by 9.7% in 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 purchasing an additional 271,507 shares during the period. Institutional investors own 93.60% of the company’s stock.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $129.36 per share, with a total value of $74,770.08. Following the purchase, the chief executive officer directly owned 320,391 shares in the company, valued at $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Trading Down 0.4%

Shares of MAA opened at $135.37 on Tuesday. The business’s 50-day moving average price is $133.38 and its 200 day moving average price is $142.56. 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 stock has a market capitalization of $15.85 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.38 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The firm had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. During the same period in the prior year, the company posted $2.21 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. 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 expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 4.5%. The ex-dividend date was Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial lowered their price target on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. KeyCorp cut their price target on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Mizuho reduced their price objective on shares of Mid-America Apartment Communities from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Finally, Piper Sandler dropped their target price on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $154.89.

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.