Legal & General Group Plc Acquires 12,205 Shares of Mid-America Apartment Communities, Inc. $MAA

Legal & General Group Plc grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,510,586 shares of the real estate investment trust’s stock after purchasing an additional 12,205 shares during the period. Legal & General Group Plc owned approximately 1.29% of Mid-America Apartment Communities worth $223,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAA. Nuveen LLC purchased a new position in Mid-America Apartment Communities during the first quarter valued at $150,966,000. Deutsche Bank AG increased its holdings 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 in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of 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 valued at $69,193,000 after acquiring an additional 294,245 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Mid-America Apartment Communities by 59.7% in the 1st 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 during the last quarter. Finally, APG Asset Management US Inc. boosted its stake in Mid-America Apartment Communities by 9.7% in 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 purchasing an additional 271,507 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 2.1%

Shares of MAA stock opened at $133.65 on Monday. 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 $125.75 and a 12-month high of $173.38. The stock has a market capitalization of $15.65 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.38 and a beta of 0.78. The firm’s 50 day moving average is $134.02 and its 200 day moving average is $143.67.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly 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 firm had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company 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. Research 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 announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a $1.515 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 4.5%. Mid-America Apartment Communities’s payout ratio is 128.39%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAA shares. BNP Paribas cut shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Royal Bank Of Canada decreased their price objective on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. Truist Financial reduced their target price on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Cantor Fitzgerald initiated coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price target on the stock. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $156.22.

Insider Activity

In other news, CEO H Eric Bolton, Jr. purchased 578 shares of the business’s stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $129.36 per share, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate 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.