Rakuten Investment Management Inc. Purchases Shares of 151,234 Mid-America Apartment Communities, Inc. $MAA

Rakuten Investment Management Inc. acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 151,234 shares of the real estate investment trust’s stock, valued at approximately $21,132,000.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in Mid-America Apartment Communities during the second quarter worth $795,893,000. Daiwa Securities Group Inc. lifted its stake in Mid-America Apartment Communities by 461.9% in the second quarter. Daiwa Securities Group Inc. now owns 721,418 shares of the real estate investment trust’s stock valued at $106,777,000 after acquiring an additional 593,020 shares during the last quarter. Invesco Ltd. grew its position in shares of Mid-America Apartment Communities by 30.6% in the 2nd quarter. Invesco Ltd. now owns 1,835,408 shares of the real estate investment trust’s stock valued at $271,659,000 after acquiring an additional 430,398 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $54,314,000. Finally, First Trust Advisors LP increased its stake in shares of Mid-America Apartment Communities by 416.5% during the 2nd quarter. First Trust Advisors LP now owns 317,163 shares of the real estate investment trust’s stock worth $46,943,000 after purchasing an additional 255,758 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 2.0%

Shares of NYSE:MAA opened at $134.36 on Wednesday. Mid-America Apartment Communities, Inc. has a 12-month low of $125.75 and a 12-month high of $173.38. The business has a 50 day moving average of $134.81 and a 200-day moving average of $138.43. 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 stock has a market cap of $15.73 billion, a PE ratio of 28.47, a P/E/G ratio of 3.90 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). The firm had revenue of $554.37 million for the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 earnings per share. 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. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, January 15th. 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 4.6%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 129.66%.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Adrian Hill purchased 758 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average cost of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the purchase, the executive vice president owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. The trade was a 1.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amber Fairbanks sold 233 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $136.50, for a total transaction of $31,804.50. Following the transaction, the executive vice president directly owned 3,799 shares in the company, valued at approximately $518,563.50. This represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 6,079 shares of company stock worth $838,698. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BNP Paribas downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Wells Fargo & Company dropped their price objective on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. UBS Group lifted their target price on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mid-America Apartment Communities in a report on Monday, December 29th. Finally, Evercore ISI cut their price target on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating for the company in a report on Monday, December 15th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $155.37.

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.