Inceptionr LLC Makes New Investment in Mid-America Apartment Communities, Inc. $MAA

Inceptionr LLC bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the second quarter, Holdings Channel.com reports. The firm bought 1,670 shares of the real estate investment trust’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAA. Smartleaf Asset Management LLC lifted its stake in Mid-America Apartment Communities by 6.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 65 shares during the last quarter. Ables Iannone Moore & Associates Inc. increased its holdings in shares of Mid-America Apartment Communities by 2.7% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 70 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Mid-America Apartment Communities by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 80 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of Mid-America Apartment Communities by 5.0% in the 1st quarter. Horizon Investments LLC now owns 1,693 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 81 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Mid-America Apartment Communities by 1.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 84 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Up 0.3%

Shares of NYSE MAA opened at $135.89 on Friday. The company’s 50 day moving average price is $133.50 and its 200-day moving average price is $142.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. 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 capitalization of $15.91 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $557.22 million. During the same quarter last year, the company earned $2.21 earnings per share. The company’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 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 announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $1.515 dividend. The ex-dividend date was Wednesday, October 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. This represents a 0.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on MAA. UBS Group upgraded Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and dropped their target price for the company from $142.00 to $132.00 in a research report on Monday, November 10th. Wells Fargo & Company dropped their price objective on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a report on Monday, September 29th. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating for the company in a research report on Tuesday, November 4th. Finally, Piper Sandler cut their price target on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $154.89.

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.