Lecap Asset Management Ltd. Invests $294,000 in Mid-America Apartment Communities, Inc. $MAA

Lecap Asset Management Ltd. bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,986 shares of the real estate investment trust’s stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Network Wealth Advisors LLC acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $29,000. Larson Financial Group LLC grew its position in shares of Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 91 shares during the period. Sound Income Strategies LLC grew its position 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 during the period. AlphaQuest LLC acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $34,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $36,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI boosted their price objective on Mid-America Apartment Communities from $152.00 to $154.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Cantor Fitzgerald started coverage on Mid-America Apartment Communities in a research report on Wednesday. They set a “neutral” rating and a $150.00 price target for the company. BNP Paribas downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. The Goldman Sachs Group downgraded Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price target for the company. in a research report on Friday, July 11th. Finally, UBS Group reduced their price target 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 equities research 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $161.78.

Mid-America Apartment Communities Trading Up 0.4%

NYSE MAA opened at $136.79 on Friday. The company has a market cap of $16.01 billion, a PE ratio of 28.15, a PEG ratio of 3.64 and a beta of 0.77. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a 12 month low of $136.07 and a 12 month high of $173.38. The stock has a 50 day moving average of $141.85 and a 200-day moving average of $150.83.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.22 EPS. 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. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is 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 124.69%.

Mid-America Apartment Communities 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.