Wedbush Securities Inc. Purchases New Shares in Mid-America Apartment Communities, Inc. $MAA

Wedbush Securities Inc. acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,768 shares of the real estate investment trust’s stock, valued at approximately $262,000.

Several other hedge funds have also bought and sold shares of MAA. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities in the second quarter worth approximately $26,000. Larson Financial Group LLC raised its position in shares of Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 91 shares during the period. Financial Network Wealth Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter valued at $29,000. Sound Income Strategies LLC boosted its holdings 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 buying an additional 175 shares during the period. Finally, AlphaQuest LLC bought a new position in Mid-America Apartment Communities in the 1st quarter worth $34,000. Institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MAA shares. Truist Financial cut their target price on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank Of Canada cut their price objective on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. BNP Paribas lowered shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, Scotiabank reduced their price target on shares of Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating on the stock in a report on Tuesday, November 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $156.22.

Insider Buying and Selling

In other Mid-America Apartment Communities 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 bought at an average cost 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 of the company’s stock, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.2%

Shares of Mid-America Apartment Communities stock opened at $131.23 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 3.38 and a beta of 0.78. The firm’s 50-day moving average is $135.82 and its two-hundred day moving average is $145.37. Mid-America Apartment Communities, Inc. has a 1 year low of $125.75 and a 1 year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released 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). The firm had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.21 earnings per share. 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. As a group, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio is currently 128.39%.

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.