Allworth Financial LP Acquires 7,481 Shares of Mid-America Apartment Communities, Inc. $MAA

Allworth Financial LP grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 33.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,112 shares of the real estate investment trust’s stock after buying an additional 7,481 shares during the quarter. Allworth Financial LP’s holdings in Mid-America Apartment Communities were worth $4,457,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in Mid-America Apartment Communities in the second quarter valued at about $5,156,000. Nordea Investment Management AB increased its position in shares of Mid-America Apartment Communities by 8.4% during the second quarter. Nordea Investment Management AB now owns 10,161 shares of the real estate investment trust’s stock worth $1,494,000 after acquiring an additional 790 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Mid-America Apartment Communities by 41.3% in the first quarter. Wealthfront Advisers LLC now owns 19,507 shares of the real estate investment trust’s stock valued at $3,269,000 after purchasing an additional 5,702 shares in the last quarter. Entropy Technologies LP acquired a new position in Mid-America Apartment Communities during the 1st quarter worth approximately $2,007,000. Finally, Fox Run Management L.L.C. bought a new position in Mid-America Apartment Communities in the first quarter valued at $526,000. Institutional investors own 93.60% of the company’s stock.

Wall Street Analyst Weigh In

MAA has been the topic of several analyst reports. Cantor Fitzgerald assumed coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 price target on the stock. KeyCorp dropped their target price on 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. Morgan Stanley decreased their price target on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Barclays lowered their price target on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Finally, Evercore ISI cut their price objective on Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $156.50.

Insider Activity at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. bought 578 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $129.36 per share, for a total transaction of $74,770.08. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.5%

MAA stock opened at $131.53 on Wednesday. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. The company has a fifty day moving average price of $136.06 and a two-hundred day moving average price of $145.46. 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 data 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 company had revenue of $554.37 million during the quarter, compared to the consensus estimate of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.10%. Mid-America Apartment Communities’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.21 earnings per share. 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. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a dividend of $1.515 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Wednesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 128.39%.

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.