Ibex Wealth Advisors Boosts Stock Position in Mid-America Apartment Communities, Inc. $MAA

Ibex Wealth Advisors grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,174 shares of the real estate investment trust’s stock after buying an additional 2,006 shares during the quarter. Ibex Wealth Advisors’ holdings in Mid-America Apartment Communities were worth $6,242,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Mid-America Apartment Communities in the second quarter valued at $26,000. Larson Financial Group LLC grew its holdings in Mid-America Apartment Communities by 107.1% during 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 stake in shares of Mid-America Apartment Communities in the 1st quarter worth about $29,000. Sound Income Strategies LLC raised 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 valued at $29,000 after purchasing an additional 175 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Mid-America Apartment Communities during the first quarter worth about $34,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Scotiabank lowered their price objective on Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. UBS Group decreased their target price 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. Royal Bank Of Canada dropped their price target on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Barclays reduced their price objective on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.44.

Mid-America Apartment Communities Trading Up 2.0%

NYSE:MAA opened at $129.56 on Monday. The firm has a market capitalization of $15.17 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.38 and a beta of 0.78. The business has a 50 day simple moving average of $136.60 and a 200 day simple moving average of $145.87. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Mid-America Apartment Communities, Inc. has a 12-month low of $125.75 and a 12-month high of $173.38.

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 for the quarter, missing the consensus estimate of $2.17 by ($0.01). The company had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.Mid-America Apartment Communities’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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. Investors of record on Wednesday, October 15th were given a $1.515 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.7%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s payout ratio is 128.39%.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by insiders.

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.