Columbus Macro LLC Increases Holdings in Mid-America Apartment Communities, Inc. $MAA

Columbus Macro LLC lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,862 shares of the real estate investment trust’s stock after acquiring an additional 5,219 shares during the period. Columbus Macro LLC’s holdings in Mid-America Apartment Communities were worth $7,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAA. Greenwood Capital Associates LLC boosted its stake in Mid-America Apartment Communities by 2.8% in the 3rd quarter. Greenwood Capital Associates LLC now owns 58,059 shares of the real estate investment trust’s stock worth $8,113,000 after purchasing an additional 1,595 shares during the period. Capital Advisors Wealth Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.8% in the third quarter. Capital Advisors Wealth Management LLC now owns 7,353 shares of the real estate investment trust’s stock worth $1,027,000 after buying an additional 133 shares in the last quarter. Virginia Wealth Management Group Inc. lifted its holdings in shares of Mid-America Apartment Communities by 0.8% in the third quarter. Virginia Wealth Management Group Inc. now owns 31,250 shares of the real estate investment trust’s stock worth $4,367,000 after buying an additional 245 shares in the last quarter. CWM LLC grew its stake in Mid-America Apartment Communities by 3.5% during the third quarter. CWM LLC now owns 112,928 shares of the real estate investment trust’s stock valued at $15,779,000 after acquiring an additional 3,814 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in Mid-America Apartment Communities by 16.6% in the 3rd quarter. Inspire Investing LLC now owns 2,218 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 315 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAA. Evercore ISI reduced their target price on Mid-America Apartment Communities from $144.00 to $143.00 and set an “in-line” rating on the stock in a report on Monday, December 15th. Cantor Fitzgerald started coverage on Mid-America Apartment Communities in a research report on Wednesday, October 1st. They set a “neutral” rating and a $150.00 target price for the company. Piper Sandler reduced their price target on shares of Mid-America Apartment Communities from $153.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Scotiabank downgraded shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $146.00 to $142.00 in a research note on Friday, December 5th. Finally, BTIG Research reiterated a “buy” rating and set a $160.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, December 5th. Eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $154.89.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. purchased 578 shares of the firm’s 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 purchase, the chief executive officer owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. The trade was a 0.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adrian Hill acquired 758 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average price of $131.83 per share, with a total value of $99,927.14. Following the acquisition, the executive vice president owned 48,766 shares in the company, valued at $6,428,821.78. This trade represents a 1.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by insiders.

Mid-America Apartment Communities Stock Performance

NYSE:MAA opened at $137.75 on Friday. The firm has a market capitalization of $16.13 billion, a PE ratio of 29.18, a PEG ratio of 3.93 and a beta of 0.77. The stock’s fifty day moving average is $132.59 and its 200 day moving average is $139.93. 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 has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The firm had revenue of $554.37 million for 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 9.14%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter 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, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a yield of 4.4%. Mid-America Apartment Communities’s payout ratio is 128.39%.

Mid-America Apartment Communities Company Profile

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.