Mid-America Apartment Communities, Inc. $MAA Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,692 shares of the real estate investment trust’s stock after purchasing an additional 191 shares during the period. D.A. Davidson & CO.’s holdings in Mid-America Apartment Communities were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAA. Nuveen LLC acquired a new position in Mid-America Apartment Communities during the first quarter valued at $150,966,000. Deutsche Bank AG raised its position in shares of Mid-America Apartment Communities by 38.3% in the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock worth $284,188,000 after acquiring an additional 469,806 shares during the period. Centersquare Investment Management LLC raised its position in shares of Mid-America Apartment Communities by 248.0% in the first quarter. Centersquare Investment Management LLC now owns 412,895 shares of the real estate investment trust’s stock worth $69,193,000 after acquiring an additional 294,245 shares during the period. Russell Investments Group Ltd. raised its position in shares of Mid-America Apartment Communities by 59.7% in the first quarter. Russell Investments Group Ltd. now owns 727,670 shares of the real estate investment trust’s stock worth $121,734,000 after acquiring an additional 272,030 shares during the period. Finally, APG Asset Management US Inc. raised its position in shares of Mid-America Apartment Communities by 9.7% in the first quarter. APG Asset Management US Inc. now owns 3,069,507 shares of the real estate investment trust’s stock worth $514,081,000 after acquiring an additional 271,507 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on MAA shares. BNP Paribas downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. BNP Paribas Exane downgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, October 8th. KeyCorp decreased 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. Finally, Mizuho upgraded shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $161.00 to $150.00 in a research report on Thursday, August 14th. Eight investment 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, the stock has a consensus rating of “Hold” and a consensus price target of $161.78.

Mid-America Apartment Communities Stock Down 3.3%

MAA opened at $126.36 on Thursday. Mid-America Apartment Communities, Inc. has a twelve month low of $126.05 and a twelve month high of $173.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $138.68 and a 200 day moving average price of $147.33. The company has a market cap of $14.79 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.50 and a beta of 0.77.

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). Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.During the same quarter last year, the company posted $2.21 EPS. The company’s quarterly revenue 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. Q4 2025 guidance at 2.170-2.290 EPS. Sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $1.515 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.8%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is currently 124.69%.

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.