Ritholtz Wealth Management Purchases New Stake in Mid-America Apartment Communities, Inc. $MAA

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. APG Asset Management US Inc. grew its holdings in Mid-America Apartment Communities by 9.7% in the 1st quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock valued at $514,081,000 after buying an additional 271,507 shares in the last quarter. Northern Trust Corp grew its holdings in Mid-America Apartment Communities by 4.8% in the 1st quarter. Northern Trust Corp now owns 1,952,778 shares of the real estate investment trust’s stock valued at $327,247,000 after buying an additional 89,370 shares in the last quarter. Deutsche Bank AG grew its holdings in Mid-America Apartment Communities by 38.3% in the 1st quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock valued at $284,188,000 after buying an additional 469,806 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Mid-America Apartment Communities by 9.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,236,647 shares of the real estate investment trust’s stock valued at $207,237,000 after buying an additional 107,661 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at $150,966,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Up 0.1%

MAA stock opened at $132.80 on Tuesday. The company has a market cap of $15.55 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 3.55 and a beta of 0.77. The business has a 50-day simple moving average of $139.82 and a 200 day simple moving average of $148.38. Mid-America Apartment Communities, Inc. has a 52 week low of $131.17 and a 52 week high of $173.38. 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 (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.01. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $552.19 million. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.Mid-America Apartment Communities’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.22 earnings per share. 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. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $1.515 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 annualized dividend and a yield of 4.6%. Mid-America Apartment Communities’s payout ratio is presently 124.69%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, October 8th. KeyCorp decreased their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. The Goldman Sachs Group lowered Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price objective on the stock. in a report on Friday, July 11th. Wall Street Zen upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group dropped their price target on Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a research note on Tuesday, July 15th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and an average target price 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.