XTX Topco Ltd Purchases 11,117 Shares of Mid-America Apartment Communities, Inc. $MAA

XTX Topco Ltd grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 92.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,133 shares of the real estate investment trust’s stock after purchasing an additional 11,117 shares during the quarter. XTX Topco Ltd’s holdings in Mid-America Apartment Communities were worth $3,424,000 at the end of the most recent reporting period.

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

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $135.10 on Wednesday. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 3.38 and a beta of 0.78. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $173.38. The stock has a fifty day simple moving average of $133.78 and a 200 day simple moving average of $143.28.

Mid-America Apartment Communities (NYSE:MAA) last announced 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 return on equity of 9.10% and a net margin of 25.23%.The company 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 firm posted $2.21 earnings per share. The firm’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. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $1.515 dividend. The ex-dividend date was Wednesday, October 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 128.39%.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $129.36 per share, with a total value of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares of the company’s stock, valued at $41,445,779.76. This trade represents a 0.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Truist Financial lowered their price objective on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company 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 research note on Tuesday. 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, Royal Bank Of Canada lowered their price target 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. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.89.

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.