Montag A & Associates Inc. Sells 33,991 Shares of Mid-America Apartment Communities, Inc. $MAA

Montag A & Associates Inc. reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 93.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,338 shares of the real estate investment trust’s stock after selling 33,991 shares during the quarter. Montag A & Associates Inc.’s holdings in Mid-America Apartment Communities were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $5,156,000. Nordea Investment Management AB boosted its stake in shares of Mid-America Apartment Communities by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 10,161 shares of the real estate investment trust’s stock worth $1,494,000 after purchasing an additional 790 shares during the period. Entropy Technologies LP bought a new position in Mid-America Apartment Communities during the 1st quarter valued at about $2,007,000. Fox Run Management L.L.C. purchased a new stake in Mid-America Apartment Communities in the 1st quarter worth about $526,000. Finally, Wealthfront Advisers LLC lifted its stake in Mid-America Apartment Communities by 41.3% in the first quarter. Wealthfront Advisers LLC now owns 19,507 shares of the real estate investment trust’s stock worth $3,269,000 after purchasing an additional 5,702 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. bought 578 shares of the business’s stock in a transaction on Friday, October 31st. The shares were acquired at an average price of $129.36 per share, with a total value of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MAA shares. BNP Paribas Exane cut Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Mizuho upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $161.00 to $150.00 in a report on Thursday, August 14th. Truist Financial reduced their target price on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday. Evercore ISI decreased their target price on Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating for the company in a research report on Monday, November 3rd. Finally, Cantor Fitzgerald initiated coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 1st. They set a “neutral” rating and a $150.00 target price for the company. Eight investment 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 an average price target of $156.50.

Mid-America Apartment Communities Trading Down 0.1%

MAA opened at $131.47 on Thursday. The stock’s fifty day moving average is $135.82 and its two-hundred day moving average is $145.37. The company has a market capitalization of $15.39 billion, a P/E ratio of 27.85, a PEG ratio of 3.38 and a beta of 0.78. 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 quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last issued its 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 return on equity of 9.10% and a net margin of 25.23%.The firm had revenue of $554.37 million during the quarter, compared to analysts’ expectations of $557.22 million. During the same quarter in the prior year, the company posted $2.21 earnings per share. 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. Analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share 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. Investors of record on Wednesday, October 15th were paid a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 4.6%. 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. Mid-America Apartment Communities’s payout ratio is currently 128.39%.

About Mid-America Apartment Communities

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.