Mid-America Apartment Communities, Inc. $MAA Shares Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 25.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,594 shares of the real estate investment trust’s stock after buying an additional 524 shares during the period. Mufg Securities Americas Inc.’s holdings in Mid-America Apartment Communities were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. raised its stake in Mid-America Apartment Communities by 8.4% in the 2nd quarter. Franklin Resources Inc. now owns 498,658 shares of the real estate investment trust’s stock worth $73,806,000 after acquiring an additional 38,567 shares during the last quarter. Legal & General Group Plc grew its stake in Mid-America Apartment Communities by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 1,510,586 shares of the real estate investment trust’s stock valued at $223,582,000 after purchasing an additional 12,205 shares during the last quarter. DNB Asset Management AS increased its holdings in shares of Mid-America Apartment Communities by 8.9% in the second quarter. DNB Asset Management AS now owns 20,900 shares of the real estate investment trust’s stock valued at $3,093,000 after purchasing an additional 1,715 shares during the period. Magnetar Financial LLC purchased a new position in shares of Mid-America Apartment Communities in the second quarter worth about $516,000. Finally, Swiss National Bank raised its stake in shares of Mid-America Apartment Communities by 7.3% in the second quarter. Swiss National Bank now owns 353,876 shares of the real estate investment trust’s stock worth $52,377,000 after purchasing an additional 24,200 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays cut their price target on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 30th. Wall Street Zen downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Evercore ISI reduced their target price 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. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Piper Sandler cut their price target on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Eight 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. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $156.00.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. bought 578 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the transaction, the chief executive officer directly owned 320,391 shares in the company, valued at $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $133.28 on Tuesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a 12-month low of $125.75 and a 12-month high of $173.38. The business’s 50 day moving average is $133.87 and its two-hundred day moving average is $143.47. The company has a market capitalization of $15.60 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.38 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last announced 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 business had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. During the same period in the previous 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. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business 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 is a boost 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%. The ex-dividend date was Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) 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.