Mid-America Apartment Communities, Inc. $MAA Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.6% during the second quarter, HoldingsChannel reports. The firm owned 1,433,711 shares of the real estate investment trust’s stock after purchasing an additional 50,315 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Mid-America Apartment Communities were worth $212,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Network Wealth Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mid-America Apartment Communities during the 2nd quarter valued at about $26,000. Sound Income Strategies LLC lifted its stake 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 in the last quarter. AlphaQuest LLC acquired a new position in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $34,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Mid-America Apartment Communities in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. purchased 578 shares of Mid-America Apartment Communities stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of $129.36 per share, with a total value of $74,770.08. Following the acquisition, the chief executive officer directly owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MAA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, October 8th. Truist Financial reduced their price target on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Cantor Fitzgerald started 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 on the stock. Barclays decreased their target price on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Evercore ISI cut their price target on shares of Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Eight 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $154.89.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $135.10 on Wednesday. The firm has a 50 day moving average of $133.78 and a two-hundred day moving average of $143.28. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $15.82 billion, a PE ratio of 28.62, a P/E/G 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.

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 analysts’ consensus estimates 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 business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same quarter in the prior year, the business 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. Q4 2025 guidance at 2.170-2.290 EPS. On average, research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, October 15th. 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.