Mid-America Apartment Communities (NYSE:MAA) EVP Sells $750,035.98 in Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Robert Delpriore sold 5,426 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total value of $750,035.98. Following the sale, the executive vice president owned 49,745 shares in the company, valued at approximately $6,876,251.35. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded down $1.75 on Monday, hitting $137.38. The company’s stock had a trading volume of 1,041,764 shares, compared to its average volume of 941,422. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $16.08 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 3.94 and a beta of 0.78. The firm has a fifty day moving average price of $133.13 and a 200-day moving average price of $139.50. Mid-America Apartment Communities, Inc. has a 52-week low of $125.75 and a 52-week 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 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same quarter in the prior year, the company earned $2.21 earnings per share. The firm’s revenue for the quarter 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 and its Q4 2025 guidance at 2.170-2.290 EPS. On average, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a $1.53 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 128.39%.

Institutional Investors Weigh In On Mid-America Apartment Communities

A number of hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. grew its holdings in Mid-America Apartment Communities by 3.9% during the 1st quarter. Baird Financial Group Inc. now owns 6,158 shares of the real estate investment trust’s stock worth $1,032,000 after acquiring an additional 230 shares in the last quarter. Amundi grew its position in shares of Mid-America Apartment Communities by 19.7% in the 1st quarter. Amundi now owns 275,520 shares of the real estate investment trust’s stock worth $45,086,000 after acquiring an additional 45,361 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Mid-America Apartment Communities by 2.8% in the 1st quarter. Alliancebernstein L.P. now owns 466,754 shares of the real estate investment trust’s stock valued at $78,219,000 after acquiring an additional 12,711 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Mid-America Apartment Communities by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,821 shares of the real estate investment trust’s stock worth $2,149,000 after purchasing an additional 620 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Mid-America Apartment Communities by 0.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 31,280 shares of the real estate investment trust’s stock valued at $5,242,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank Of Canada decreased their price target on Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Truist Financial lowered their target price on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Piper Sandler dropped their price objective on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Finally, BTIG Research reiterated a “buy” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $154.89.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.