Janney Montgomery Scott LLC Buys 711 Shares of Mid-America Apartment Communities, Inc. $MAA

Janney Montgomery Scott LLC boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,320 shares of the real estate investment trust’s stock after purchasing an additional 711 shares during the period. Janney Montgomery Scott LLC’s holdings in Mid-America Apartment Communities were worth $3,304,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC lifted its position in Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 91 shares during the last quarter. Financial Network Wealth Advisors LLC bought a new position in Mid-America Apartment Communities in the first quarter valued at approximately $29,000. Sound Income Strategies LLC increased its stake in Mid-America Apartment Communities by 972.2% in the second quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth $34,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth $36,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MAA. Morgan Stanley cut their price target on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. KeyCorp reduced their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. UBS Group reduced their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating for the company in a research report on Tuesday, July 15th. Finally, Piper Sandler reduced their target price on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $161.78.

Mid-America Apartment Communities Price Performance

Shares of NYSE:MAA opened at $135.87 on Thursday. The company’s fifty day moving average price is $141.00 and its 200-day moving average price is $150.30. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.64 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a one year low of $134.97 and a one year high of $173.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. The firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. 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. On average, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $1.515 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a yield of 4.5%. Mid-America Apartment Communities’s payout ratio is 124.69%.

Mid-America Apartment Communities Company 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.