Nomura Asset Management Co. Ltd. Acquires 5,874 Shares of Mid-America Apartment Communities, Inc. $MAA

Nomura Asset Management Co. Ltd. raised its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 203,257 shares of the real estate investment trust’s stock after purchasing an additional 5,874 shares during the period. Nomura Asset Management Co. Ltd. owned 0.17% of Mid-America Apartment Communities worth $30,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAA. Financial Network Wealth Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Mid-America Apartment Communities in the second quarter valued at approximately $26,000. Larson Financial Group LLC boosted its holdings in Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 91 shares during the last quarter. Sound Income Strategies LLC increased its position in Mid-America Apartment Communities by 972.2% during the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 175 shares during the period. Finally, AlphaQuest LLC bought a new position in Mid-America Apartment Communities during the 1st quarter worth approximately $34,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Trading Up 0.1%

NYSE:MAA opened at $130.42 on Wednesday. Mid-America Apartment Communities, Inc. has a 12 month low of $125.75 and a 12 month high of $173.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.38 and a beta of 0.78. The firm has a fifty day simple moving average of $134.68 and a two-hundred day simple moving average of $144.38.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The company had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.Mid-America Apartment Communities’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $2.21 EPS. 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. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $1.515 dividend. The ex-dividend date was Wednesday, October 15th. This is an increase 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 dividend payout ratio is currently 128.39%.

Analyst Ratings Changes

A number of research firms have recently commented on MAA. UBS Group raised shares of Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $142.00 to $132.00 in a research note on Monday, November 10th. Royal Bank Of Canada dropped their target price on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Evercore ISI cut their price target on shares of Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Cantor Fitzgerald began coverage on Mid-America Apartment Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price target for the company. Finally, Scotiabank dropped their price objective on Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $156.22.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. acquired 578 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the acquisition, the chief executive officer directly owned 320,391 shares in the company, valued at $41,445,779.76. The trade was a 0.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities 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.