Mid-America Apartment Communities (NYSE:MAA) EVP Acquires $99,927.14 in Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Adrian Hill acquired 758 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average price of $131.83 per share, with a total value of $99,927.14. Following the acquisition, the executive vice president directly owned 48,766 shares of the company’s stock, valued at $6,428,821.78. The trade was a 1.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $136.99 on Thursday. The stock has a market cap of $16.04 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.79 and a beta of 0.77. The stock has a 50-day moving average of $132.15 and a 200-day moving average of $140.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.06 and a quick ratio of 0.06. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The firm had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. During the same period in the previous year, the company posted $2.21 EPS. The firm’s revenue for the quarter 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 and its Q4 2025 guidance at 2.170-2.290 EPS. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $1.53 dividend. This represents a $6.12 annualized dividend and a dividend yield of 4.5%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 128.39%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MAA shares. Wall Street Zen lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Mizuho reduced their price target on shares of Mid-America Apartment Communities from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Monday, November 24th. BNP Paribas lowered shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 target price for the company. Finally, BTIG Research reiterated a “buy” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and an average price target of $154.89.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Public Sector Pension Investment Board boosted its holdings in shares of Mid-America Apartment Communities by 3.2% in the 1st quarter. Public Sector Pension Investment Board now owns 31,245 shares of the real estate investment trust’s stock valued at $5,236,000 after buying an additional 964 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Mid-America Apartment Communities in the first quarter valued at $526,000. Horizon Investments LLC grew its position 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 period. Ethic Inc. grew its position in shares of Mid-America Apartment Communities by 4.6% in the 1st quarter. Ethic Inc. now owns 6,905 shares of the real estate investment trust’s stock valued at $1,157,000 after acquiring an additional 302 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Mid-America Apartment Communities by 592.0% during the 1st quarter. American Century Companies Inc. now owns 276,307 shares of the real estate investment trust’s stock worth $46,304,000 after purchasing an additional 236,380 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Company 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.