Mid-America Apartment Communities (NYSE:MAA) EVP Robert Delpriore Sells 5,426 Shares

Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Robert Delpriore sold 5,426 shares of Mid-America Apartment Communities stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $138.23, for a total value of $750,035.98. Following the completion of the transaction, the executive vice president owned 49,745 shares in the company, valued at approximately $6,876,251.35. The trade was a 9.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mid-America Apartment Communities Price Performance

Shares of MAA stock opened at $137.38 on Tuesday. The business has a fifty day simple moving average of $133.22 and a 200 day simple moving average of $139.42. The company has a market cap of $16.08 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.94 and a beta of 0.78. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.87. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its 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). The business 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 9.14%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior 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 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 announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, January 15th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.5%. Mid-America Apartment Communities’s payout ratio is presently 128.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. increased its position in shares of Mid-America Apartment Communities by 2.7% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 2,683 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 70 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in Mid-America Apartment Communities by 1.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,600 shares of the real estate investment trust’s stock valued at $643,000 after acquiring an additional 83 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Mid-America Apartment Communities by 1.9% during the second quarter. Arkadios Wealth Advisors now owns 4,518 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 84 shares during the last quarter. State of Michigan Retirement System grew its holdings in Mid-America Apartment Communities by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 35,399 shares of the real estate investment trust’s stock worth $5,239,000 after acquiring an additional 100 shares during the period. Finally, Gries Financial LLC raised its position in shares of Mid-America Apartment Communities by 0.9% in the 2nd quarter. Gries Financial LLC now owns 11,638 shares of the real estate investment trust’s stock worth $1,723,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group raised Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and cut their price objective for the company from $142.00 to $132.00 in a report on Monday, November 10th. Scotiabank cut Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $146.00 to $142.00 in a report on Friday, December 5th. Wells Fargo & Company dropped their price objective 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. BTIG Research reissued a “buy” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Friday, December 5th. Finally, Truist Financial dropped their price target on shares of Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company 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.