Consolidated Investment Group LLC Makes New Investment in Mid-America Apartment Communities, Inc. $MAA

Consolidated Investment Group LLC purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,200 shares of the real estate investment trust’s stock, valued at approximately $1,565,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MAA. Elevation Point Wealth Partners LLC purchased a new position in Mid-America Apartment Communities during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $26,000. Sound Income Strategies LLC grew its position 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 during the last quarter. REAP Financial Group LLC grew its position in shares of Mid-America Apartment Communities by 184.1% in the second quarter. REAP Financial Group LLC now owns 250 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 162 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $137.06 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 3.90 and a beta of 0.78. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38. The company has a 50 day moving average price of $134.60 and a 200 day moving average price of $138.71.

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 for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The company had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business 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. Sell-side 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 declared 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. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, January 15th. Mid-America Apartment Communities’s payout ratio is currently 129.66%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAA. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. Barclays cut their price target on Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Morgan Stanley decreased their price objective on Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada cut their target price on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Scotiabank cut shares of Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $146.00 to $142.00 in a research note on Friday, December 5th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $155.37.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. bought 578 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average price of $129.36 per share, with a total value of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares in the company, valued at $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total transaction of $31,804.50. Following the transaction, the executive vice president directly owned 3,799 shares in the company, valued at approximately $518,563.50. This trade represents a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,079 shares of company stock valued at $838,698. 1.20% of the stock is owned by company insiders.

Mid-America Apartment Communities 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.