Vestmark Advisory Solutions Inc. Buys New Stake in Mid-America Apartment Communities, Inc. $MAA

Vestmark Advisory Solutions Inc. acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,388 shares of the real estate investment trust’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at $26,000. Larson Financial Group LLC boosted its stake in shares of 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 purchased a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at about $29,000. Sound Income Strategies LLC raised its holdings in 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 worth $29,000 after purchasing an additional 175 shares during the period. Finally, AlphaQuest LLC purchased a new position in Mid-America Apartment Communities during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $131.22 on Thursday. 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 company has a market cap of $15.36 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.38 and a beta of 0.78. The stock has a 50-day moving average of $135.82 and a two-hundred day moving average of $145.37. Mid-America Apartment Communities, Inc. has a 1-year low of $125.75 and a 1-year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) 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 analysts’ expectations of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 EPS. 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. As a group, 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 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. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio is 128.39%.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. purchased 578 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $129.36 per share, with a total value of $74,770.08. Following the completion of the acquisition, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAA. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Wells Fargo & Company boosted 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. Morgan Stanley decreased their price target on shares of Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Cantor Fitzgerald initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $156.22.

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.