Corient Private Wealth LLC Raises Stake in Mid-America Apartment Communities, Inc. $MAA

Corient Private Wealth LLC grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 142.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,974 shares of the real estate investment trust’s stock after buying an additional 14,674 shares during the period. Corient Private Wealth LLC’s holdings in Mid-America Apartment Communities were worth $3,696,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in Mid-America Apartment Communities by 6.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 65 shares during the period. Ables Iannone Moore & Associates Inc. grew its stake in shares of Mid-America Apartment Communities by 2.7% in the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 70 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Mid-America Apartment Communities by 1.9% in the second quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 84 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Mid-America Apartment Communities by 2.8% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,400 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 91 shares during the period. Finally, State of Michigan Retirement System raised its stake in shares of Mid-America Apartment Communities by 0.3% during the second quarter. State of Michigan Retirement System now owns 35,399 shares of the real estate investment trust’s stock worth $5,239,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Adrian Hill purchased 758 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was acquired at an average price of $131.83 per share, with a total value of $99,927.14. Following the purchase, the executive vice president directly owned 48,766 shares of the company’s stock, valued at $6,428,821.78. This represents a 1.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Eric Bolton, Jr. purchased 578 shares of Mid-America Apartment Communities stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the acquisition, the chief executive officer directly owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. This represents a 0.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Trading Down 1.5%

Shares of MAA opened at $134.32 on Monday. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $173.38. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $15.73 billion, a P/E ratio of 28.46, a PEG ratio of 3.82 and a beta of 0.77. The firm’s 50-day moving average is $132.17 and its two-hundred day moving average is $140.33.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly 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). The firm had revenue of $554.37 million for the quarter, compared to analysts’ expectations of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.14% and a net margin of 25.23%.Mid-America Apartment Communities’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $2.21 EPS. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $1.53 dividend. This represents a $6.12 annualized dividend and a yield of 4.6%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. The ex-dividend date of this dividend is Thursday, January 15th. Mid-America Apartment Communities’s dividend payout ratio is currently 128.39%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Cantor Fitzgerald started coverage on shares of Mid-America Apartment Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 target price on the stock. Scotiabank lowered shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $146.00 to $142.00 in a research note on Friday, December 5th. Wells Fargo & Company cut their price target on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Finally, 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. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $154.89.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.