Ritholtz Wealth Management Makes New $298,000 Investment in Mid-America Apartment Communities, Inc. $MAA

Ritholtz Wealth Management bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,013 shares of the real estate investment trust’s stock, valued at approximately $298,000.

Several other institutional investors have also recently bought and sold shares of MAA. GAMMA Investing LLC raised its stake in Mid-America Apartment Communities by 34.6% during the first quarter. GAMMA Investing LLC now owns 3,467 shares of the real estate investment trust’s stock worth $581,000 after acquiring an additional 892 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Mid-America Apartment Communities by 1.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,218 shares of the real estate investment trust’s stock worth $10,259,000 after purchasing an additional 613 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $566,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Mid-America Apartment Communities by 7.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,328 shares of the real estate investment trust’s stock worth $1,396,000 after purchasing an additional 608 shares during the last quarter. Finally, Consolidated Planning Corp bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $851,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $132.80 on Tuesday. The business’s 50 day simple moving average is $139.82 and its 200 day simple moving average is $148.38. Mid-America Apartment Communities, Inc. has a one year low of $131.17 and a one year high of $173.38. The stock has a market capitalization of $15.55 billion, a PE ratio of 27.32, a PEG ratio of 3.55 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The business had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $552.19 million. During the same period in the prior year, the business posted $2.22 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend 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 is Wednesday, October 15th. Mid-America Apartment Communities’s payout ratio is presently 124.69%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price target on the stock. UBS Group reduced their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a report on Tuesday, July 15th. Barclays reduced their price target on 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. The Goldman Sachs Group cut Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price target on the stock. in a report on Friday, July 11th. Finally, Raymond James Financial cut Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $161.78.

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.