Lecap Asset Management Ltd. Purchases New Stake in Mid-America Apartment Communities, Inc. $MAA

Lecap Asset Management Ltd. purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,986 shares of the real estate investment trust’s stock, valued at approximately $294,000.

A number of other large investors have also added to or reduced their stakes in MAA. Parallel Advisors LLC raised its stake in Mid-America Apartment Communities by 11.4% in the 1st quarter. Parallel Advisors LLC now owns 1,032 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 106 shares during the period. NBC Securities Inc. bought a new stake in Mid-America Apartment Communities in the 1st quarter valued at $46,000. Merit Financial Group LLC raised its stake in Mid-America Apartment Communities by 4.7% in the 1st quarter. Merit Financial Group LLC now owns 3,910 shares of the real estate investment trust’s stock valued at $655,000 after acquiring an additional 175 shares during the period. SeaCrest Wealth Management LLC raised its stake in Mid-America Apartment Communities by 12.6% in the 1st quarter. SeaCrest Wealth Management LLC now owns 7,598 shares of the real estate investment trust’s stock valued at $1,273,000 after acquiring an additional 851 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Mid-America Apartment Communities by 9.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,153 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 277 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.4%

Shares of NYSE MAA opened at $136.79 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10. Mid-America Apartment Communities, Inc. has a 52 week low of $136.07 and a 52 week high of $173.38. The stock has a market capitalization of $16.01 billion, a P/E ratio of 28.15, a PEG ratio of 3.64 and a beta of 0.77. The stock’s fifty day moving average is $141.85 and its 200 day moving average is $150.83.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a return on equity of 9.35% and a net margin of 25.98%.The company had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $552.19 million. During the same quarter last year, the business earned $2.22 earnings per share. Mid-America Apartment Communities’s revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. Sell-side analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a $1.515 dividend. The ex-dividend date is Wednesday, October 15th. This is an increase 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 4.4%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 124.69%.

Analyst Ratings Changes

Several research analysts have weighed in on MAA shares. BNP Paribas Exane cut Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating in a research report on Monday, September 29th. Morgan Stanley lowered their price objective on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Scotiabank lowered their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 14th. BNP Paribas cut Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, KeyCorp lowered their price objective on Mid-America Apartment Communities from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $161.78.

About Mid-America Apartment Communities

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.