Mid-America Apartment Communities, Inc. $MAA Shares Bought by Andra AP fonden

Andra AP fonden grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 117.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,200 shares of the real estate investment trust’s stock after buying an additional 64,940 shares during the quarter. Andra AP fonden owned 0.10% of Mid-America Apartment Communities worth $17,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Network Wealth Advisors LLC purchased a new position in Mid-America Apartment Communities during the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $26,000. Larson Financial Group LLC boosted its stake in shares of Mid-America Apartment Communities by 107.1% in the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 91 shares during the period. Sound Income Strategies LLC grew its holdings in shares of 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 purchasing an additional 175 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Mid-America Apartment Communities in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research reports. Morgan Stanley reduced 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 report on Wednesday, August 13th. The Goldman Sachs Group cut Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $165.00 price objective on the stock. in a research note on Friday, July 11th. BNP Paribas Exane cut Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research note on Monday, September 29th. Piper Sandler cut their price target on Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Wells Fargo & Company lifted their price objective on Mid-America Apartment Communities from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $158.44.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. purchased 578 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $129.36 per share, with a total value of $74,770.08. Following the completion of the transaction, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. The trade was a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $126.96 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.75 and a fifty-two week high of $173.38. The firm has a market capitalization of $14.86 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. The stock’s 50-day simple moving average is $136.92 and its 200-day simple moving average is $146.23.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. The business had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same period last year, the company earned $2.21 earnings per share. The business’s revenue for the quarter 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. As a group, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $1.515 per share. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 annualized dividend and a yield of 4.8%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 128.39%.

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.