Spire Wealth Management Decreases Holdings in Mid-America Apartment Communities, Inc. $MAA

Spire Wealth Management lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518 shares of the real estate investment trust’s stock after selling 517 shares during the quarter. Spire Wealth Management’s holdings in Mid-America Apartment Communities were worth $77,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Mid-America Apartment Communities in the 2nd quarter worth $26,000. Larson Financial Group LLC lifted its holdings in Mid-America Apartment Communities by 107.1% in the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 91 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Mid-America Apartment Communities by 972.2% in the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 175 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter worth $34,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Price Performance

MAA opened at $128.50 on Thursday. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $173.38. The company’s 50-day moving average price is $137.27 and its 200 day moving average price is $146.37. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last posted its 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 return on equity of 9.10% and a net margin of 25.23%.The firm had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. During the same quarter last year, the company posted $2.21 EPS. Mid-America Apartment Communities’s revenue for the quarter 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. Q4 2025 guidance at 2.170-2.290 EPS. As a group, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.7%. Mid-America Apartment Communities’s payout ratio is currently 128.39%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MAA shares. KeyCorp cut their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Scotiabank cut their target price on shares of Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. BNP Paribas Exane lowered shares of Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Piper Sandler cut their target price on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Morgan Stanley cut their target price on shares of Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Eight 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.44.

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.