H Eric Bolton Jr Purchases 578 Shares of Mid-America Apartment Communities (NYSE:MAA) Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) CEO H Eric Bolton, Jr. acquired 578 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the acquisition, the chief executive officer directly owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Mid-America Apartment Communities Price Performance

MAA stock traded down $0.73 on Monday, reaching $127.50. 1,364,004 shares of the company’s stock were exchanged, compared to its average volume of 897,430. The stock has a fifty day moving average of $138.15 and a 200-day moving average of $146.90. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $173.38. The firm has a market cap of $14.93 billion, a PE ratio of 27.01, a P/E/G ratio of 3.38 and a beta of 0.77. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results 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). The firm had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 earnings per share. 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. As a group, equities 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 company also recently announced 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. 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. This represents a $6.06 dividend on an annualized basis and a yield of 4.8%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 128.39%.

Institutional Trading of Mid-America Apartment Communities

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Mid-America Apartment Communities by 0.5% during the second quarter. Vanguard Group Inc. now owns 18,540,029 shares of the real estate investment trust’s stock worth $2,744,110,000 after buying an additional 101,397 shares during the period. State Street Corp grew its holdings in Mid-America Apartment Communities by 2.0% in the 2nd quarter. State Street Corp now owns 7,994,245 shares of the real estate investment trust’s stock valued at $1,183,228,000 after buying an additional 159,278 shares during the period. Norges Bank acquired a new position in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $795,893,000. Geode Capital Management LLC increased its stake in shares of Mid-America Apartment Communities by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,315,620 shares of the real estate investment trust’s stock valued at $488,867,000 after acquiring an additional 54,063 shares during the last quarter. Finally, APG Asset Management US Inc. lifted its holdings in shares of Mid-America Apartment Communities by 9.7% during the 1st 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 acquiring an additional 271,507 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of research analyst reports. Evercore ISI decreased their target price on Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating on the stock in a research report on Monday. Piper Sandler decreased their target price on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on 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. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $159.78.

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.