Saturna Capital Corp Purchases 420 Shares of Mid-America Apartment Communities, Inc. $MAA

Saturna Capital Corp raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,910 shares of the real estate investment trust’s stock after acquiring an additional 420 shares during the period. Saturna Capital Corp’s holdings in Mid-America Apartment Communities were worth $579,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Mid-America Apartment Communities in the 1st quarter worth $150,966,000. Deutsche Bank AG lifted its position in Mid-America Apartment Communities by 38.3% in the 1st 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 boosted its stake in Mid-America Apartment Communities by 248.0% during the 1st quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust’s stock valued at $69,193,000 after purchasing an additional 294,245 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Mid-America Apartment Communities by 59.7% during 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 in the last quarter. Finally, APG Asset Management US Inc. increased its holdings in 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 purchasing an additional 271,507 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MAA shares. KeyCorp dropped their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Piper Sandler dropped their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Mid-America Apartment Communities from $156.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, October 13th. Finally, Truist Financial lowered their target price on shares of 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. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.22.

Mid-America Apartment Communities Trading Up 0.1%

NYSE MAA opened at $130.42 on Wednesday. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.38 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The business’s fifty day moving average is $134.68 and its 200-day moving average is $144.38.

Mid-America Apartment Communities (NYSE:MAA) last posted 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). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The company had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. During the same quarter in the previous year, the company posted $2.21 EPS. Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a dividend of $1.515 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s payout ratio is currently 128.39%.

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.