Mid-America Apartment Communities (NYSE:MAA) EVP Buys 758 Shares

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Adrian Hill bought 758 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average cost of $131.83 per share, with a total value of $99,927.14. Following the completion of the purchase, the executive vice president owned 48,766 shares in the company, valued at approximately $6,428,821.78. This trade represents a 1.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Mid-America Apartment Communities Stock Up 0.4%

Shares of MAA traded up $0.55 during midday trading on Monday, hitting $132.66. The stock had a trading volume of 1,137,430 shares, compared to its average volume of 908,778. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.77. The company has a 50 day simple moving average of $132.26 and a two-hundred day simple moving average of $141.03. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $173.38. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data 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). Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The firm had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. During the same period in the prior year, the company earned $2.21 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. On average, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MAA. Norges Bank bought a new stake in Mid-America Apartment Communities in the 2nd quarter valued at $795,893,000. Allworth Financial LP lifted its holdings in shares of Mid-America Apartment Communities by 33.1% during the second quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock worth $4,457,000 after buying an additional 7,481 shares in the last quarter. Barings LLC bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $2,268,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Mid-America Apartment Communities in the second quarter valued at about $5,156,000. Finally, SG Americas Securities LLC increased its position in Mid-America Apartment Communities by 1,704.4% during the second quarter. SG Americas Securities LLC now owns 112,398 shares of the real estate investment trust’s stock worth $16,636,000 after acquiring an additional 106,169 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MAA. Scotiabank cut shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $146.00 to $142.00 in a report on Friday, December 5th. BTIG Research reissued a “buy” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Wells Fargo & Company decreased their price objective on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. BNP Paribas downgraded Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, Morgan Stanley reduced their price target on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.