Mid-America Apartment Communities, Inc. $MAA Shares Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 381.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,000 shares of the real estate investment trust’s stock after purchasing an additional 80,000 shares during the period. Mid-America Apartment Communities comprises about 1.3% of Quinn Opportunity Partners LLC’s holdings, making the stock its 14th largest holding. Quinn Opportunity Partners LLC owned about 0.09% of Mid-America Apartment Communities worth $14,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Network Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mid-America Apartment Communities during the 2nd quarter worth about $26,000. Larson Financial Group LLC boosted its holdings in Mid-America Apartment Communities by 107.1% in the first 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 in the last quarter. Sound Income Strategies LLC raised its holdings in Mid-America Apartment Communities by 972.2% during the second 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 in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MAA has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Royal Bank Of Canada decreased their target price on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. KeyCorp lowered their target price on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. BNP Paribas Exane cut shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Finally, Wall Street Zen lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $156.50.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. bought 578 shares of the company’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $129.36 per share, for a total transaction 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. The trade was a 0.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Stock Up 1.5%

MAA stock opened at $131.53 on Wednesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average price is $136.06 and its 200 day moving average price is $145.46. Mid-America Apartment Communities, Inc. has a 52 week low of $125.75 and a 52 week high of $173.38. The company has a market cap of $15.40 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.38 and a beta of 0.78.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The company had revenue of $554.37 million for the quarter, compared to analyst estimates 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 revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

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