Insider Buying: Mid-America Apartment Communities (NYSE:MAA) CEO Acquires 578 Shares of Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA) CEO H Eric Bolton, Jr. acquired 578 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $129.36 per share, with a total value of $74,770.08. Following the completion of the purchase, the chief executive officer directly owned 320,391 shares in the company, valued at approximately $41,445,779.76. This trade represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mid-America Apartment Communities Trading Down 0.6%

Shares of NYSE MAA traded down $0.73 during trading on Monday, hitting $127.50. 1,364,004 shares of the company traded hands, compared to its average volume of 897,430. Mid-America Apartment Communities, Inc. has a 1 year low of $125.75 and a 1 year high of $173.38. The company has a 50-day moving average price of $138.15 and a 200-day moving average price of $146.90. The firm has a market capitalization of $14.93 billion, a P/E ratio of 27.01, a P/E/G ratio of 3.38 and a beta of 0.77. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The firm had revenue of $554.37 million during the quarter, compared to analysts’ expectations of $557.22 million. Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business’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 earnings per share. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a $1.515 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, October 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.8%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 128.39%.

Hedge Funds Weigh In On Mid-America Apartment Communities

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Mid-America Apartment Communities by 6.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,021 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 65 shares during the last quarter. Stephens Inc. AR increased its stake in Mid-America Apartment Communities by 2.6% during the first quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust’s stock valued at $463,000 after acquiring an additional 70 shares during the period. Ables Iannone Moore & Associates Inc. increased its stake in 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 valued at $397,000 after acquiring an additional 70 shares during the period. Avantax Advisory Services Inc. increased its stake in Mid-America Apartment Communities by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 2,353 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 80 shares during the period. Finally, Signaturefd LLC increased its stake in Mid-America Apartment Communities by 2.9% during the first quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of research reports. Morgan Stanley cut their price objective on Mid-America Apartment Communities from $177.00 to $169.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Evercore ISI cut their price objective on Mid-America Apartment Communities from $153.00 to $144.00 and set an “in-line” rating on the stock in a research report on Monday. Wall Street Zen cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Mizuho upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $161.00 to $150.00 in a research note on Thursday, August 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $159.78.

Mid-America Apartment Communities Company Profile

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.