Insider Selling: Mid-America Apartment Communities (NYSE:MAA) EVP Sells 185 Shares of Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Amber Fairbanks sold 185 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $134.98, for a total transaction of $24,971.30. Following the completion of the transaction, the executive vice president owned 3,519 shares of the company’s stock, valued at approximately $474,994.62. The trade was a 4.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amber Fairbanks also recently made the following trade(s):

• On Tuesday, January 6th, Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock. The shares were sold at an average price of $136.50, for a total value of $31,804.50.

Mid-America Apartment Communities Stock Up 2.7%

Shares of Mid-America Apartment Communities stock traded up $3.59 on Thursday, reaching $138.57. The company’s stock had a trading volume of 1,082,803 shares, compared to its average volume of 1,093,956. Mid-America Apartment Communities, Inc. has a 52 week low of $125.75 and a 52 week high of $173.38. The firm’s fifty day simple moving average is $133.54 and its two-hundred day simple moving average is $139.31. 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 $16.22 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 3.93 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $557.22 million. During the same period last year, the business earned $2.21 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. 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. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders 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. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.4%. Mid-America Apartment Communities’s payout ratio is presently 128.39%.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research reports. Scotiabank downgraded Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $146.00 to $142.00 in a research note on Friday, December 5th. BTIG Research reissued a “buy” rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Truist Financial cut their price target on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Barclays reduced their price target on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Monday, December 29th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $155.00.

Institutional Trading of Mid-America Apartment Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAA. Norges Bank purchased a new stake in Mid-America Apartment Communities in the 2nd quarter valued at about $795,893,000. Allworth Financial LP raised its stake in shares of Mid-America Apartment Communities by 33.1% during the second quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock valued at $4,457,000 after acquiring an additional 7,481 shares in the last quarter. Barings LLC bought a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $2,268,000. Exchange Traded Concepts LLC boosted its holdings in shares of Mid-America Apartment Communities by 85.5% in the third quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 13,198 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Mid-America Apartment Communities in the second quarter worth approximately $5,156,000. Institutional investors own 93.60% of the company’s stock.

About Mid-America Apartment Communities

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.